This property looks like a bad Mid-Term investment with a projected -4.26% first-year return on $90,429 initial cash invested.
-4.26%
Cash On Cash
6.11%
Cap Rate
0.9
DSCR
$2,876
Rent
-$321
Cashflow
Cash Flow
$2,876 income − $3,197 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,876
Total Expenses
$3,197
Mortgage P&I
68%
$1,962
Property Taxes
4%
$114
Home Insurance
4%
$121
HOA
1%
$23
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316