This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $91,479 initial cash invested.
-2.54%
Cash On Cash
6.25%
Cap Rate
0.98
DSCR
$4,143
Rent
-$194
Cashflow
Cash Flow
$4,143 income − $4,337 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,143
Total Expenses
$4,337
Mortgage P&I
45%
$1,850
Property Taxes
23%
$956
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456