This property looks like a bad Mid-Term investment with a projected -10.91% first-year return on $91,500 initial cash invested.
-10.91%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$1,860
Rent
-$832
Cashflow
Cash Flow
$1,860 income − $2,692 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,860
Total Expenses
$2,692
Mortgage P&I
101%
$1,880
Property Taxes
3%
$58
Home Insurance
7%
$122
HOA
0%
$0
Property Management
12%
$223
CapEx
4%
$74
Vacancy
3%
$56
Maintenance
4%
$74
Other
11%
$205