This property looks like a bad Mid-Term investment with a projected -9.05% first-year return on $91,479 initial cash invested.
-9.05%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,574
Rent
-$690
Cashflow
Cash Flow
$2,574 income − $3,264 expenses = $690 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
$2,574
Total Expenses
$3,264
Mortgage P&I
74%
$1,899
Property Taxes
14%
$368
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283