This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $91,500 initial cash invested.
-1.4%
Cash On Cash
6.44%
Cap Rate
1.02
DSCR
$3,510
Rent
-$107
Cashflow
Cash Flow
$3,510 income − $3,617 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,510
Total Expenses
$3,617
Mortgage P&I
53%
$1,844
Property Taxes
13%
$459
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386