This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $91,479 initial cash invested.
-6.17%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$2,942
Rent
-$470
Cashflow
Cash Flow
$2,942 income − $3,412 expenses = $470 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
$2,942
Total Expenses
$3,412
Mortgage P&I
65%
$1,904
Property Taxes
13%
$385
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324