This property looks like a bad Mid-Term investment with a projected -0.14% first-year return on $91,584 initial cash invested.
-0.14%
Cash On Cash
6.64%
Cap Rate
1.08
DSCR
$3,876
Rent
-$11
Cashflow
Cash Flow
$3,876 income − $3,887 expenses = $11 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,584
Downpayment
20%
$70,080
Closing costs
1%
$3,504
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$3,887
Mortgage P&I
46%
$1,795
Property Taxes
17%
$649
Home Insurance
3%
$126
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426