This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $91,500 initial cash invested.
-3.79%
Cash On Cash
5.51%
Cap Rate
0.9
DSCR
$2,738
Rent
-$289
Cashflow
Cash Flow
$2,738 income − $3,027 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,738
Total Expenses
$3,027
Mortgage P&I
65%
$1,787
Property Taxes
7%
$186
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301