This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $91,479 initial cash invested.
-3.73%
Cash On Cash
5.91%
Cap Rate
0.91
DSCR
$2,974
Rent
-$284
Cashflow
Cash Flow
$2,974 income − $3,258 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,974
Total Expenses
$3,258
Mortgage P&I
63%
$1,888
Property Taxes
8%
$237
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327