This property looks like a bad Mid-Term investment with a projected -1.84% first-year return on $90,450 initial cash invested.
-1.84%
Cash On Cash
6.62%
Cap Rate
1
DSCR
$3,489
Rent
-$139
Cashflow
Cash Flow
$3,489 income − $3,628 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,489
Total Expenses
$3,628
Mortgage P&I
55%
$1,902
Property Taxes
12%
$417
Home Insurance
3%
$121
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384