This property looks like a bad Mid-Term investment with a projected -7.69% first-year return on $91,794 initial cash invested.
-7.69%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$2,756
Rent
-$588
Cashflow
Cash Flow
$2,756 income − $3,344 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,794
Downpayment
20%
$70,280
Closing costs
1%
$3,514
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,756
Total Expenses
$3,344
Mortgage P&I
71%
$1,964
Property Taxes
12%
$317
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303