This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $91,395 initial cash invested.
-3.6%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$2,874
Rent
-$274
Cashflow
Cash Flow
$2,874 income − $3,148 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,395
Downpayment
20%
$69,900
Closing costs
1%
$3,495
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,874
Total Expenses
$3,148
Mortgage P&I
67%
$1,914
Property Taxes
5%
$135
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316