This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $89,379 initial cash invested.
-4.97%
Cash On Cash
5.59%
Cap Rate
0.87
DSCR
$3,136
Rent
-$370
Cashflow
Cash Flow
$3,136 income − $3,506 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,136
Total Expenses
$3,506
Mortgage P&I
58%
$1,827
Property Taxes
16%
$493
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345