This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $91,479 initial cash invested.
-0.25%
Cash On Cash
6.93%
Cap Rate
1.06
DSCR
$3,500
Rent
-$19
Cashflow
Cash Flow
$3,500 income − $3,519 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$3,519
Mortgage P&I
54%
$1,901
Property Taxes
9%
$306
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385