This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $91,500 initial cash invested.
-3.44%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$3,112
Rent
-$262
Cashflow
Cash Flow
$3,112 income − $3,374 expenses = $262 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
$3,112
Total Expenses
$3,374
Mortgage P&I
61%
$1,910
Property Taxes
9%
$286
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342