This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $90,450 initial cash invested.
-0.92%
Cash On Cash
6.67%
Cap Rate
1.03
DSCR
$3,330
Rent
-$69
Cashflow
Cash Flow
$3,330 income − $3,399 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,330
Total Expenses
$3,399
Mortgage P&I
56%
$1,854
Property Taxes
9%
$292
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$400
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366