This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $91,500 initial cash invested.
-1.94%
Cash On Cash
6.5%
Cap Rate
1
DSCR
$3,471
Rent
-$148
Cashflow
Cash Flow
$3,471 income − $3,619 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,471
Total Expenses
$3,619
Mortgage P&I
55%
$1,906
Property Taxes
12%
$410
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382