This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $89,400 initial cash invested.
-2.28%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$2,871
Rent
-$170
Cashflow
Cash Flow
$2,871 income − $3,041 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,871
Total Expenses
$3,041
Mortgage P&I
61%
$1,755
Property Taxes
7%
$190
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316