This property looks like a bad Mid-Term investment with a projected -11.87% first-year return on $90,345 initial cash invested.
-11.87%
Cash On Cash
3.79%
Cap Rate
0.57
DSCR
$2,020
Rent
-$894
Cashflow
Cash Flow
$2,020 income − $2,914 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,345
Downpayment
20%
$68,900
Closing costs
1%
$3,445
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,020
Total Expenses
$2,914
Mortgage P&I
94%
$1,902
Property Taxes
10%
$203
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$242
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$222