This property looks like a bad Mid-Term investment with a projected -10.36% first-year return on $90,450 initial cash invested.
-10.36%
Cash On Cash
4.38%
Cap Rate
0.65
DSCR
$2,266
Rent
-$781
Cashflow
Cash Flow
$2,266 income − $3,047 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,266
Total Expenses
$3,047
Mortgage P&I
86%
$1,948
Property Taxes
9%
$207
Home Insurance
5%
$121
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249