This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $89,400 initial cash invested.
-1.7%
Cash On Cash
6.85%
Cap Rate
1
DSCR
$3,152
Rent
-$127
Cashflow
Cash Flow
$3,152 income − $3,279 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,152
Total Expenses
$3,279
Mortgage P&I
62%
$1,941
Property Taxes
5%
$147
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347