This property looks like a bad Mid-Term investment with a projected -1.47% first-year return on $91,500 initial cash invested.
-1.47%
Cash On Cash
6.74%
Cap Rate
1.01
DSCR
$3,231
Rent
-$112
Cashflow
Cash Flow
$3,231 income − $3,343 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,231
Total Expenses
$3,343
Mortgage P&I
60%
$1,949
Property Taxes
5%
$174
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355