This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $91,500 initial cash invested.
-3.8%
Cash On Cash
6.17%
Cap Rate
0.92
DSCR
$3,316
Rent
-$290
Cashflow
Cash Flow
$3,316 income − $3,606 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,316
Total Expenses
$3,606
Mortgage P&I
59%
$1,957
Property Taxes
12%
$397
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365