This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $91,479 initial cash invested.
-3.38%
Cash On Cash
5.66%
Cap Rate
0.92
DSCR
$2,956
Rent
-$258
Cashflow
Cash Flow
$2,956 income − $3,214 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,956
Total Expenses
$3,214
Mortgage P&I
61%
$1,789
Property Taxes
10%
$298
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325