This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $91,500 initial cash invested.
-3.06%
Cash On Cash
6.28%
Cap Rate
0.95
DSCR
$3,598
Rent
-$233
Cashflow
Cash Flow
$3,598 income − $3,831 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,598
Total Expenses
$3,831
Mortgage P&I
53%
$1,922
Property Taxes
15%
$546
Home Insurance
3%
$122
HOA
0%
$17
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396