This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $91,563 initial cash invested.
-4.9%
Cash On Cash
5.69%
Cap Rate
0.87
DSCR
$3,264
Rent
-$374
Cashflow
Cash Flow
$3,264 income − $3,638 expenses = $374 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
$3,264
Total Expenses
$3,638
Mortgage P&I
58%
$1,904
Property Taxes
15%
$497
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359