This property looks like a bad Mid-Term investment with a projected -5.03% first-year return on $90,450 initial cash invested.
-5.03%
Cash On Cash
5.27%
Cap Rate
0.86
DSCR
$3,262
Rent
-$379
Cashflow
Cash Flow
$3,262 income − $3,641 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,262
Total Expenses
$3,641
Mortgage P&I
54%
$1,765
Property Taxes
20%
$647
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359