This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $89,400 initial cash invested.
-4.04%
Cash On Cash
5.99%
Cap Rate
0.91
DSCR
$3,134
Rent
-$301
Cashflow
Cash Flow
$3,134 income − $3,435 expenses = $301 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
$3,134
Total Expenses
$3,435
Mortgage P&I
60%
$1,873
Property Taxes
12%
$378
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345