This property looks like a bad Mid-Term investment with a projected -0.88% first-year return on $91,500 initial cash invested.
-0.88%
Cash On Cash
6.29%
Cap Rate
1.04
DSCR
$3,267
Rent
-$67
Cashflow
Cash Flow
$3,267 income − $3,334 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,267
Total Expenses
$3,334
Mortgage P&I
54%
$1,770
Property Taxes
10%
$331
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359