This property looks like a bad Mid-Term investment with a projected -8.4% first-year return on $91,458 initial cash invested.
-8.4%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$2,355
Rent
-$640
Cashflow
Cash Flow
$2,355 income − $2,995 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,355
Total Expenses
$2,995
Mortgage P&I
81%
$1,913
Property Taxes
5%
$122
Home Insurance
5%
$126
HOA
1%
$33
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259