This property looks like a bad Mid-Term investment with a projected -6.52% first-year return on $89,400 initial cash invested.
-6.52%
Cash On Cash
5.14%
Cap Rate
0.8
DSCR
$3,248
Rent
-$486
Cashflow
Cash Flow
$3,248 income − $3,734 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,248
Total Expenses
$3,734
Mortgage P&I
56%
$1,813
Property Taxes
19%
$614
Home Insurance
4%
$119
HOA
3%
$84
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357