This property looks like a bad Mid-Term investment with a projected -3.97% first-year return on $89,379 initial cash invested.
-3.97%
Cash On Cash
5.94%
Cap Rate
0.91
DSCR
$3,194
Rent
-$296
Cashflow
Cash Flow
$3,194 income − $3,490 expenses = $296 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,194
Total Expenses
$3,490
Mortgage P&I
58%
$1,851
Property Taxes
14%
$434
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351