This property looks like a bad Mid-Term investment with a projected -11.16% first-year return on $90,408 initial cash invested.
-11.16%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$2,746
Rent
-$841
Cashflow
Cash Flow
$2,746 income − $3,587 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,408
Downpayment
20%
$68,960
Closing costs
1%
$3,448
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,746
Total Expenses
$3,587
Mortgage P&I
70%
$1,929
Property Taxes
22%
$602
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302