This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $91,479 initial cash invested.
-6.18%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$2,716
Rent
-$471
Cashflow
Cash Flow
$2,716 income − $3,187 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,716
Total Expenses
$3,187
Mortgage P&I
70%
$1,898
Property Taxes
9%
$243
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299