This property looks like a bad Mid-Term investment with a projected -8.74% first-year return on $90,429 initial cash invested.
-8.74%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$2,758
Rent
-$659
Cashflow
Cash Flow
$2,758 income − $3,417 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,758
Total Expenses
$3,417
Mortgage P&I
69%
$1,901
Property Taxes
16%
$451
Home Insurance
5%
$128
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303