This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $89,379 initial cash invested.
-4.86%
Cash On Cash
5.86%
Cap Rate
0.88
DSCR
$3,418
Rent
-$362
Cashflow
Cash Flow
$3,418 income − $3,780 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,418
Total Expenses
$3,780
Mortgage P&I
55%
$1,886
Property Taxes
18%
$612
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376