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This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $89,400 initial cash invested.
-2.4%
Cash On Cash
5.75%
Cap Rate
0.96
DSCR
$2,760
Rent
-$179
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,760 income − $2,939 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,760
Total Expenses
$2,939
Mortgage P&I
61%
$1,697
Property Taxes
7%
$185
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304