This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $89,379 initial cash invested.
-3.5%
Cash On Cash
6.16%
Cap Rate
0.92
DSCR
$2,852
Rent
-$261
Cashflow
Cash Flow
$2,852 income − $3,113 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,852
Total Expenses
$3,113
Mortgage P&I
66%
$1,893
Property Taxes
4%
$121
Home Insurance
4%
$119
HOA
0%
$10
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314