This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $90,345 initial cash invested.
-4.98%
Cash On Cash
5.46%
Cap Rate
0.85
DSCR
$2,720
Rent
-$375
Cashflow
Cash Flow
$2,720 income − $3,095 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,345
Downpayment
20%
$68,900
Closing costs
1%
$3,445
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,720
Total Expenses
$3,095
Mortgage P&I
67%
$1,833
Property Taxes
8%
$215
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299