This property looks like a bad Mid-Term investment with a projected -3% first-year return on $91,500 initial cash invested.
-3%
Cash On Cash
6.05%
Cap Rate
0.95
DSCR
$3,280
Rent
-$229
Cashflow
Cash Flow
$3,280 income − $3,509 expenses = $229 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
$3,280
Total Expenses
$3,509
Mortgage P&I
57%
$1,862
Property Taxes
12%
$394
Home Insurance
4%
$122
HOA
0%
$16
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361