This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $89,379 initial cash invested.
-3.5%
Cash On Cash
5.93%
Cap Rate
0.92
DSCR
$3,060
Rent
-$261
Cashflow
Cash Flow
$3,060 income − $3,321 expenses = $261 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
$3,060
Total Expenses
$3,321
Mortgage P&I
59%
$1,819
Property Taxes
11%
$343
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337