This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $91,521 initial cash invested.
-0.62%
Cash On Cash
6.84%
Cap Rate
1.06
DSCR
$3,892
Rent
-$47
Cashflow
Cash Flow
$3,892 income − $3,939 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,521
Downpayment
20%
$70,020
Closing costs
1%
$3,501
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,892
Total Expenses
$3,939
Mortgage P&I
48%
$1,886
Property Taxes
16%
$607
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428