This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $91,437 initial cash invested.
-1.86%
Cash On Cash
6.61%
Cap Rate
0.99
DSCR
$3,274
Rent
-$142
Cashflow
Cash Flow
$3,274 income − $3,416 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,437
Downpayment
20%
$69,940
Closing costs
1%
$3,497
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,274
Total Expenses
$3,416
Mortgage P&I
59%
$1,936
Property Taxes
7%
$243
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360