This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $91,500 initial cash invested.
-3.1%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$3,472
Rent
-$236
Cashflow
Cash Flow
$3,472 income − $3,708 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,472
Total Expenses
$3,708
Mortgage P&I
54%
$1,880
Property Taxes
15%
$508
Home Insurance
4%
$122
HOA
0%
$17
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382