This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $89,400 initial cash invested.
-3.36%
Cash On Cash
5.88%
Cap Rate
0.93
DSCR
$3,030
Rent
-$250
Cashflow
Cash Flow
$3,030 income − $3,280 expenses = $250 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,030
Total Expenses
$3,280
Mortgage P&I
59%
$1,795
Property Taxes
9%
$278
Home Insurance
4%
$119
HOA
2%
$58
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333