This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $91,458 initial cash invested.
-2.22%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$3,098
Rent
-$169
Cashflow
Cash Flow
$3,098 income − $3,267 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,267
Mortgage P&I
62%
$1,929
Property Taxes
5%
$158
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341