This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $91,479 initial cash invested.
-1.4%
Cash On Cash
6.67%
Cap Rate
1.01
DSCR
$3,118
Rent
-$107
Cashflow
Cash Flow
$3,118 income − $3,225 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,118
Total Expenses
$3,225
Mortgage P&I
62%
$1,927
Property Taxes
3%
$86
Home Insurance
4%
$122
HOA
1%
$29
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343