This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $91,500 initial cash invested.
-3.45%
Cash On Cash
6.23%
Cap Rate
0.93
DSCR
$3,393
Rent
-$263
Cashflow
Cash Flow
$3,393 income − $3,656 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,393
Total Expenses
$3,656
Mortgage P&I
57%
$1,943
Property Taxes
13%
$437
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373