This property looks like a bad Mid-Term investment with a projected -9.26% first-year return on $89,379 initial cash invested.
-9.26%
Cash On Cash
4.18%
Cap Rate
0.67
DSCR
$2,410
Rent
-$690
Cashflow
Cash Flow
$2,410 income − $3,100 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,410
Total Expenses
$3,100
Mortgage P&I
74%
$1,777
Property Taxes
16%
$386
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265