This property looks like a bad Mid-Term investment with a projected -8.94% first-year return on $89,421 initial cash invested.
-8.94%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$2,572
Rent
-$666
Cashflow
Cash Flow
$2,572 income − $3,238 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,421
Downpayment
20%
$68,020
Closing costs
1%
$3,401
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,572
Total Expenses
$3,238
Mortgage P&I
72%
$1,843
Property Taxes
16%
$401
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283