This property looks like a bad Mid-Term investment with a projected -2.31% first-year return on $90,450 initial cash invested.
-2.31%
Cash On Cash
6.38%
Cap Rate
0.98
DSCR
$3,375
Rent
-$174
Cashflow
Cash Flow
$3,375 income − $3,549 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,375
Total Expenses
$3,549
Mortgage P&I
56%
$1,873
Property Taxes
9%
$308
Home Insurance
4%
$122
HOA
3%
$99
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371