This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $90,450 initial cash invested.
-1.7%
Cash On Cash
6.09%
Cap Rate
0.99
DSCR
$2,970
Rent
-$128
Cashflow
Cash Flow
$2,970 income − $3,098 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,970
Total Expenses
$3,098
Mortgage P&I
59%
$1,759
Property Taxes
7%
$208
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327