This property looks like a bad Mid-Term investment with a projected -7.8% first-year return on $91,500 initial cash invested.
-7.8%
Cash On Cash
5.06%
Cap Rate
0.76
DSCR
$3,202
Rent
-$595
Cashflow
Cash Flow
$3,202 income − $3,797 expenses = $595 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,202
Total Expenses
$3,797
Mortgage P&I
61%
$1,943
Property Taxes
20%
$644
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352