This property looks like a bad Mid-Term investment with a projected -5.7% first-year return on $90,366 initial cash invested.
-5.7%
Cash On Cash
5.1%
Cap Rate
0.81
DSCR
$2,376
Rent
-$429
Cashflow
Cash Flow
$2,376 income − $2,805 expenses = $429 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,366
Downpayment
20%
$68,920
Closing costs
1%
$3,446
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,376
Total Expenses
$2,805
Mortgage P&I
76%
$1,798
Property Taxes
2%
$55
Home Insurance
5%
$128
HOA
1%
$17
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261