This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $90,492 initial cash invested.
-3.57%
Cash On Cash
6.35%
Cap Rate
0.93
DSCR
$3,318
Rent
-$269
Cashflow
Cash Flow
$3,318 income − $3,587 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$90,492
Downpayment
20%
$69,040
Closing costs
1%
$3,452
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,318
Total Expenses
$3,587
Mortgage P&I
59%
$1,962
Property Taxes
11%
$374
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365