This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $91,500 initial cash invested.
-2.66%
Cash On Cash
6.23%
Cap Rate
0.96
DSCR
$3,362
Rent
-$203
Cashflow
Cash Flow
$3,362 income − $3,565 expenses = $203 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
$3,362
Total Expenses
$3,565
Mortgage P&I
56%
$1,886
Property Taxes
5%
$162
Home Insurance
4%
$122
HOA
8%
$253
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$370