This property looks like a bad Mid-Term investment with a projected -6.9% first-year return on $91,479 initial cash invested.
-6.9%
Cash On Cash
5.3%
Cap Rate
0.8
DSCR
$3,204
Rent
-$526
Cashflow
Cash Flow
$3,204 income − $3,730 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,204
Total Expenses
$3,730
Mortgage P&I
61%
$1,942
Property Taxes
18%
$578
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352