This property looks like a bad Mid-Term investment with a projected -1.9% first-year return on $91,479 initial cash invested.
-1.9%
Cash On Cash
5.94%
Cap Rate
0.99
DSCR
$3,346
Rent
-$145
Cashflow
Cash Flow
$3,346 income − $3,491 expenses = $145 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.3%
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
$3,346
Total Expenses
$3,491
Mortgage P&I
52%
$1,742
Property Taxes
15%
$489
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368