This property looks like a bad Mid-Term investment with a projected -2.95% first-year return on $90,429 initial cash invested.
-2.95%
Cash On Cash
6.23%
Cap Rate
0.95
DSCR
$3,402
Rent
-$222
Cashflow
Cash Flow
$3,402 income − $3,624 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,402
Total Expenses
$3,624
Mortgage P&I
55%
$1,876
Property Taxes
14%
$471
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374