This property looks like a bad Mid-Term investment with a projected -10.74% first-year return on $89,400 initial cash invested.
-10.74%
Cash On Cash
3.77%
Cap Rate
0.6
DSCR
$2,319
Rent
-$800
Cashflow
Cash Flow
$2,319 income − $3,119 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,400
Downpayment
20%
$68,000
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,319
Total Expenses
$3,119
Mortgage P&I
77%
$1,775
Property Taxes
19%
$436
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255