This property looks like a bad Mid-Term investment with a projected -9.05% first-year return on $91,500 initial cash invested.
-9.05%
Cash On Cash
4.33%
Cap Rate
0.68
DSCR
$2,230
Rent
-$690
Cashflow
Cash Flow
$2,230 income − $2,920 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,230
Total Expenses
$2,920
Mortgage P&I
84%
$1,865
Property Taxes
8%
$175
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245