This property looks like a bad Mid-Term investment with a projected -9.08% first-year return on $89,463 initial cash invested.
-9.08%
Cash On Cash
4.65%
Cap Rate
0.7
DSCR
$2,757
Rent
-$677
Cashflow
Cash Flow
$2,757 income − $3,434 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,463
Downpayment
20%
$68,060
Closing costs
1%
$3,403
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,757
Total Expenses
$3,434
Mortgage P&I
68%
$1,886
Property Taxes
18%
$489
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303