This property looks like a bad Mid-Term investment with a projected -1.96% first-year return on $89,400 initial cash invested.
-1.96%
Cash On Cash
6.36%
Cap Rate
0.99
DSCR
$3,052
Rent
-$146
Cashflow
Cash Flow
$3,052 income − $3,198 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,052
Total Expenses
$3,198
Mortgage P&I
60%
$1,825
Property Taxes
7%
$216
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336