This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $89,358 initial cash invested.
-2.66%
Cash On Cash
6.09%
Cap Rate
0.95
DSCR
$2,847
Rent
-$198
Cashflow
Cash Flow
$2,847 income − $3,045 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,847
Total Expenses
$3,045
Mortgage P&I
64%
$1,808
Property Taxes
5%
$147
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313