This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $89,295 initial cash invested.
-7.12%
Cash On Cash
4.53%
Cap Rate
0.74
DSCR
$2,276
Rent
-$530
Cashflow
Cash Flow
$2,276 income − $2,806 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,276
Total Expenses
$2,806
Mortgage P&I
76%
$1,721
Property Taxes
8%
$193
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250