This property looks like a bad Mid-Term investment with a projected -9.37% first-year return on $89,379 initial cash invested.
-9.37%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,619
Rent
-$698
Cashflow
Cash Flow
$2,619 income − $3,317 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,619
Total Expenses
$3,317
Mortgage P&I
72%
$1,883
Property Taxes
16%
$424
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288