This property looks like a bad Mid-Term investment with a projected -0.88% first-year return on $91,395 initial cash invested.
-0.88%
Cash On Cash
6.3%
Cap Rate
1.04
DSCR
$3,267
Rent
-$67
Cashflow
Cash Flow
$3,267 income − $3,334 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,395
Downpayment
20%
$69,900
Closing costs
1%
$3,495
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,267
Total Expenses
$3,334
Mortgage P&I
54%
$1,771
Property Taxes
10%
$326
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359