This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $90,450 initial cash invested.
-1.05%
Cash On Cash
6.83%
Cap Rate
1.04
DSCR
$3,896
Rent
-$79
Cashflow
Cash Flow
$3,896 income − $3,975 expenses = $79 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
$3,896
Total Expenses
$3,975
Mortgage P&I
48%
$1,886
Property Taxes
15%
$592
Home Insurance
3%
$121
HOA
1%
$50
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429