This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $91,479 initial cash invested.
-5.14%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$2,628
Rent
-$392
Cashflow
Cash Flow
$2,628 income − $3,020 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,628
Total Expenses
$3,020
Mortgage P&I
73%
$1,910
Property Taxes
4%
$95
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289