This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $91,395 initial cash invested.
-4.94%
Cash On Cash
5.14%
Cap Rate
0.85
DSCR
$2,692
Rent
-$376
Cashflow
Cash Flow
$2,692 income − $3,068 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,395
Downpayment
20%
$69,900
Closing costs
1%
$3,495
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$3,068
Mortgage P&I
66%
$1,766
Property Taxes
10%
$264
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296