This property looks like a bad Mid-Term investment with a projected -6.02% first-year return on $91,500 initial cash invested.
-6.02%
Cash On Cash
5.24%
Cap Rate
0.82
DSCR
$2,931
Rent
-$459
Cashflow
Cash Flow
$2,931 income − $3,390 expenses = $459 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
$2,931
Total Expenses
$3,390
Mortgage P&I
64%
$1,870
Property Taxes
14%
$402
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322