This property looks like a bad Mid-Term investment with a projected -2.26% first-year return on $89,295 initial cash invested.
-2.26%
Cash On Cash
6.37%
Cap Rate
0.97
DSCR
$3,014
Rent
-$168
Cashflow
Cash Flow
$3,014 income − $3,182 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$3,182
Mortgage P&I
61%
$1,850
Property Taxes
6%
$184
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332