This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $91,563 initial cash invested.
-4.25%
Cash On Cash
5.87%
Cap Rate
0.9
DSCR
$3,374
Rent
-$324
Cashflow
Cash Flow
$3,374 income − $3,698 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,374
Total Expenses
$3,698
Mortgage P&I
56%
$1,904
Property Taxes
14%
$475
Home Insurance
4%
$124
HOA
1%
$48
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371