This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $91,584 initial cash invested.
-6.03%
Cash On Cash
5.24%
Cap Rate
0.81
DSCR
$2,679
Rent
-$460
Cashflow
Cash Flow
$2,679 income − $3,139 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,584
Downpayment
20%
$70,080
Closing costs
1%
$3,504
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$3,139
Mortgage P&I
70%
$1,883
Property Taxes
8%
$220
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295