This property looks like a bad Mid-Term investment with a projected -3.72% first-year return on $89,400 initial cash invested.
-3.72%
Cash On Cash
5.98%
Cap Rate
0.91
DSCR
$2,854
Rent
-$277
Cashflow
Cash Flow
$2,854 income − $3,131 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,854
Total Expenses
$3,131
Mortgage P&I
65%
$1,856
Property Taxes
7%
$186
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314