This property looks like a bad Mid-Term investment with a projected -10.39% first-year return on $89,400 initial cash invested.
-10.39%
Cash On Cash
3.82%
Cap Rate
0.61
DSCR
$2,400
Rent
-$774
Cashflow
Cash Flow
$2,400 income − $3,174 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,400
Total Expenses
$3,174
Mortgage P&I
73%
$1,760
Property Taxes
20%
$479
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264