This property looks like a bad Mid-Term investment with a projected -1.02% first-year return on $90,429 initial cash invested.
-1.02%
Cash On Cash
6.81%
Cap Rate
1.03
DSCR
$3,279
Rent
-$77
Cashflow
Cash Flow
$3,279 income − $3,356 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,279
Total Expenses
$3,356
Mortgage P&I
58%
$1,902
Property Taxes
6%
$186
Home Insurance
4%
$122
HOA
1%
$32
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361