This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $91,479 initial cash invested.
-2.73%
Cash On Cash
6.54%
Cap Rate
0.96
DSCR
$3,462
Rent
-$208
Cashflow
Cash Flow
$3,462 income − $3,670 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,462
Total Expenses
$3,670
Mortgage P&I
57%
$1,976
Property Taxes
11%
$396
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$381