This property looks like a bad Mid-Term investment with a projected -16.47% first-year return on $91,500 initial cash invested.
-16.47%
Cash On Cash
1.96%
Cap Rate
0.32
DSCR
$1,346
Rent
-$1,256
Cashflow
Cash Flow
$1,346 income − $2,602 expenses = $1,256 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,346
Total Expenses
$2,602
Mortgage P&I
132%
$1,774
Property Taxes
18%
$248
Home Insurance
9%
$122
HOA
0%
$0
Property Management
12%
$162
CapEx
4%
$54
Vacancy
3%
$40
Maintenance
4%
$54
Other
11%
$148