This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $91,500 initial cash invested.
-4.6%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$3,302
Rent
-$351
Cashflow
Cash Flow
$3,302 income − $3,653 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,302
Total Expenses
$3,653
Mortgage P&I
56%
$1,854
Property Taxes
17%
$555
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363