This property looks like a bad Mid-Term investment with a projected -12.41% first-year return on $91,479 initial cash invested.
-12.41%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$1,722
Rent
-$946
Cashflow
Cash Flow
$1,722 income − $2,668 expenses = $946 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
$1,722
Total Expenses
$2,668
Mortgage P&I
104%
$1,796
Property Taxes
10%
$164
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$207
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$189