This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $89,400 initial cash invested.
-2.15%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$3,028
Rent
-$160
Cashflow
Cash Flow
$3,028 income − $3,188 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,028
Total Expenses
$3,188
Mortgage P&I
61%
$1,858
Property Taxes
6%
$182
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333