This property looks like a bad Mid-Term investment with a projected -2.78% first-year return on $91,500 initial cash invested.
-2.78%
Cash On Cash
5.81%
Cap Rate
0.95
DSCR
$3,003
Rent
-$212
Cashflow
Cash Flow
$3,003 income − $3,215 expenses = $212 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
$3,003
Total Expenses
$3,215
Mortgage P&I
60%
$1,787
Property Taxes
10%
$286
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330