This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $91,563 initial cash invested.
-1.65%
Cash On Cash
6.04%
Cap Rate
1
DSCR
$3,135
Rent
-$126
Cashflow
Cash Flow
$3,135 income − $3,261 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,135
Total Expenses
$3,261
Mortgage P&I
56%
$1,765
Property Taxes
10%
$303
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345