This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $90,450 initial cash invested.
-7.24%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$2,408
Rent
-$546
Cashflow
Cash Flow
$2,408 income − $2,954 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,408
Total Expenses
$2,954
Mortgage P&I
79%
$1,908
Property Taxes
4%
$107
Home Insurance
5%
$121
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265