This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $90,387 initial cash invested.
-4.01%
Cash On Cash
5.6%
Cap Rate
0.89
DSCR
$2,811
Rent
-$302
Cashflow
Cash Flow
$2,811 income − $3,113 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,387
Downpayment
20%
$68,940
Closing costs
1%
$3,447
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,811
Total Expenses
$3,113
Mortgage P&I
64%
$1,800
Property Taxes
8%
$234
Home Insurance
4%
$125
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309