This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $89,295 initial cash invested.
-2.93%
Cash On Cash
6.3%
Cap Rate
0.95
DSCR
$3,082
Rent
-$218
Cashflow
Cash Flow
$3,082 income − $3,300 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,082
Total Expenses
$3,300
Mortgage P&I
61%
$1,878
Property Taxes
8%
$256
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339