This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $89,379 initial cash invested.
-3.34%
Cash On Cash
6.17%
Cap Rate
0.93
DSCR
$2,841
Rent
-$249
Cashflow
Cash Flow
$2,841 income − $3,090 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,841
Total Expenses
$3,090
Mortgage P&I
66%
$1,884
Property Taxes
4%
$120
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313