This property looks like a bad Mid-Term investment with a projected -1.38% first-year return on $91,584 initial cash invested.
-1.38%
Cash On Cash
6.54%
Cap Rate
1.01
DSCR
$3,264
Rent
-$105
Cashflow
Cash Flow
$3,264 income − $3,369 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,264
Total Expenses
$3,369
Mortgage P&I
58%
$1,883
Property Taxes
7%
$242
Home Insurance
4%
$133
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359