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This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $91,500 initial cash invested.
-2.92%
Cash On Cash
5.62%
Cap Rate
0.94
DSCR
$2,922
Rent
-$223
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,922 income − $3,145 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$91,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$3,145
Mortgage P&I
60%
$1,745
Property Taxes
10%
$280
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321