This property looks like a bad Mid-Term investment with a projected -6.89% first-year return on $91,500 initial cash invested.
-6.89%
Cash On Cash
4.76%
Cap Rate
0.77
DSCR
$2,704
Rent
-$525
Cashflow
Cash Flow
$2,704 income − $3,229 expenses = $525 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
$2,704
Total Expenses
$3,229
Mortgage P&I
67%
$1,804
Property Taxes
14%
$385
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297