This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $91,458 initial cash invested.
-3.63%
Cash On Cash
5.62%
Cap Rate
0.91
DSCR
$3,033
Rent
-$277
Cashflow
Cash Flow
$3,033 income − $3,310 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,033
Total Expenses
$3,310
Mortgage P&I
59%
$1,793
Property Taxes
12%
$364
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334