This property looks like a bad Mid-Term investment with a projected -13.17% first-year return on $91,479 initial cash invested.
-13.17%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$1,578
Rent
-$1,004
Cashflow
Cash Flow
$1,578 income − $2,582 expenses = $1,004 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,578
Total Expenses
$2,582
Mortgage P&I
114%
$1,798
Property Taxes
8%
$126
Home Insurance
8%
$122
HOA
0%
$0
Property Management
12%
$189
CapEx
4%
$63
Vacancy
3%
$47
Maintenance
4%
$63
Other
11%
$174