This property looks like a bad Mid-Term investment with a projected -12.55% first-year return on $90,450 initial cash invested.
-12.55%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$1,689
Rent
-$946
Cashflow
Cash Flow
$1,689 income − $2,635 expenses = $946 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
$1,689
Total Expenses
$2,635
Mortgage P&I
112%
$1,894
Property Taxes
3%
$44
Home Insurance
7%
$121
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186