This property looks like a bad Mid-Term investment with a projected -0.48% first-year return on $90,450 initial cash invested.
-0.48%
Cash On Cash
7.01%
Cap Rate
1.06
DSCR
$3,681
Rent
-$36
Cashflow
Cash Flow
$3,681 income − $3,717 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,681
Total Expenses
$3,717
Mortgage P&I
52%
$1,904
Property Taxes
13%
$464
Home Insurance
3%
$98
HOA
0%
$0
Property Management
12%
$442
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405