This property looks like a bad Mid-Term investment with a projected -5.61% first-year return on $90,429 initial cash invested.
-5.61%
Cash On Cash
5.64%
Cap Rate
0.84
DSCR
$2,896
Rent
-$423
Cashflow
Cash Flow
$2,896 income − $3,319 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,896
Total Expenses
$3,319
Mortgage P&I
67%
$1,927
Property Taxes
8%
$222
Home Insurance
4%
$121
HOA
2%
$63
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319