This property looks like a bad Mid-Term investment with a projected -8.09% first-year return on $91,479 initial cash invested.
-8.09%
Cash On Cash
4.76%
Cap Rate
0.74
DSCR
$3,123
Rent
-$617
Cashflow
Cash Flow
$3,123 income − $3,740 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,123
Total Expenses
$3,740
Mortgage P&I
60%
$1,880
Property Taxes
19%
$598
Home Insurance
4%
$122
HOA
2%
$77
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344