This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $89,379 initial cash invested.
-4.03%
Cash On Cash
5.93%
Cap Rate
0.9
DSCR
$2,758
Rent
-$300
Cashflow
Cash Flow
$2,758 income − $3,058 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,758
Total Expenses
$3,058
Mortgage P&I
68%
$1,870
Property Taxes
5%
$132
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303