This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $89,400 initial cash invested.
-4.08%
Cash On Cash
5.9%
Cap Rate
0.91
DSCR
$3,286
Rent
-$304
Cashflow
Cash Flow
$3,286 income − $3,590 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,286
Total Expenses
$3,590
Mortgage P&I
56%
$1,845
Property Taxes
16%
$510
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361