This property looks like a bad Mid-Term investment with a projected -5.64% first-year return on $91,500 initial cash invested.
-5.64%
Cash On Cash
5.26%
Cap Rate
0.82
DSCR
$2,554
Rent
-$430
Cashflow
Cash Flow
$2,554 income − $2,984 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,554
Total Expenses
$2,984
Mortgage P&I
73%
$1,862
Property Taxes
5%
$132
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281