This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $91,563 initial cash invested.
-3.37%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$3,423
Rent
-$257
Cashflow
Cash Flow
$3,423 income − $3,680 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,423
Total Expenses
$3,680
Mortgage P&I
56%
$1,914
Property Taxes
14%
$471
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377