This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $90,450 initial cash invested.
-6.91%
Cash On Cash
4.77%
Cap Rate
0.77
DSCR
$2,698
Rent
-$521
Cashflow
Cash Flow
$2,698 income − $3,219 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,698
Total Expenses
$3,219
Mortgage P&I
66%
$1,783
Property Taxes
15%
$397
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297