This property looks like a bad Mid-Term investment with a projected -6.26% first-year return on $91,479 initial cash invested.
-6.26%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$2,478
Rent
-$477
Cashflow
Cash Flow
$2,478 income − $2,955 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,478
Total Expenses
$2,955
Mortgage P&I
76%
$1,889
Property Taxes
4%
$102
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$273