This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $91,500 initial cash invested.
-6.35%
Cash On Cash
5.39%
Cap Rate
0.81
DSCR
$3,022
Rent
-$484
Cashflow
Cash Flow
$3,022 income − $3,506 expenses = $484 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
$3,022
Total Expenses
$3,506
Mortgage P&I
64%
$1,936
Property Taxes
14%
$420
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332