This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $89,358 initial cash invested.
-10.11%
Cash On Cash
4.27%
Cap Rate
0.64
DSCR
$2,210
Rent
-$753
Cashflow
Cash Flow
$2,210 income − $2,963 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,358
Downpayment
20%
$67,960
Closing costs
1%
$3,398
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,210
Total Expenses
$2,963
Mortgage P&I
85%
$1,873
Property Taxes
10%
$218
Home Insurance
6%
$122
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243