This property looks like a bad Mid-Term investment with a projected -1.44% first-year return on $89,316 initial cash invested.
-1.44%
Cash On Cash
6.57%
Cap Rate
1.02
DSCR
$3,500
Rent
-$107
Cashflow
Cash Flow
$3,500 income − $3,607 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,316
Downpayment
20%
$67,920
Closing costs
1%
$3,396
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$3,607
Mortgage P&I
52%
$1,827
Property Taxes
13%
$451
Home Insurance
3%
$122
HOA
0%
$17
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385