This property looks like a bad Mid-Term investment with a projected -0.45% first-year return on $91,479 initial cash invested.
-0.45%
Cash On Cash
6.46%
Cap Rate
1.05
DSCR
$3,141
Rent
-$34
Cashflow
Cash Flow
$3,141 income − $3,175 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,141
Total Expenses
$3,175
Mortgage P&I
57%
$1,792
Property Taxes
6%
$179
Home Insurance
4%
$122
HOA
0%
$13
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346