This property looks like a bad Mid-Term investment with a projected -2.71% first-year return on $89,295 initial cash invested.
-2.71%
Cash On Cash
6.25%
Cap Rate
0.95
DSCR
$2,937
Rent
-$202
Cashflow
Cash Flow
$2,937 income − $3,139 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,937
Total Expenses
$3,139
Mortgage P&I
63%
$1,853
Property Taxes
5%
$160
Home Insurance
4%
$119
HOA
0%
$10
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323