This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $91,500 initial cash invested.
-5.11%
Cash On Cash
5.2%
Cap Rate
0.84
DSCR
$2,433
Rent
-$390
Cashflow
Cash Flow
$2,433 income − $2,823 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,433
Total Expenses
$2,823
Mortgage P&I
74%
$1,810
Property Taxes
3%
$64
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268