This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $90,553 initial cash invested.
-10.15%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$2,746
Rent
-$766
Cashflow
Cash Flow
$2,746 income − $3,512 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,553
Downpayment
20%
$69,098
Closing costs
1%
$3,455
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,746
Total Expenses
$3,512
Mortgage P&I
65%
$1,786
Property Taxes
24%
$671
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302