This property looks like a bad Mid-Term investment with a projected -3.9% first-year return on $90,450 initial cash invested.
-3.9%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$2,828
Rent
-$294
Cashflow
Cash Flow
$2,828 income − $3,122 expenses = $294 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
$2,828
Total Expenses
$3,122
Mortgage P&I
67%
$1,889
Property Taxes
5%
$151
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311