This property looks like a bad Mid-Term investment with a projected -0.71% first-year return on $91,563 initial cash invested.
-0.71%
Cash On Cash
6.41%
Cap Rate
1.04
DSCR
$3,184
Rent
-$54
Cashflow
Cash Flow
$3,184 income − $3,238 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,184
Total Expenses
$3,238
Mortgage P&I
56%
$1,799
Property Taxes
4%
$113
Home Insurance
4%
$140
HOA
3%
$104
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350