This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $91,479 initial cash invested.
-2.45%
Cash On Cash
5.94%
Cap Rate
0.96
DSCR
$2,904
Rent
-$187
Cashflow
Cash Flow
$2,904 income − $3,091 expenses = $187 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,904
Total Expenses
$3,091
Mortgage P&I
62%
$1,804
Property Taxes
6%
$179
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319