This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $89,400 initial cash invested.
-6.23%
Cash On Cash
4.85%
Cap Rate
0.79
DSCR
$2,439
Rent
-$464
Cashflow
Cash Flow
$2,439 income − $2,903 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,439
Total Expenses
$2,903
Mortgage P&I
71%
$1,741
Property Taxes
9%
$210
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268