This property looks like a bad Mid-Term investment with a projected -16.9% first-year return on $89,400 initial cash invested.
-16.9%
Cash On Cash
2.51%
Cap Rate
0.37
DSCR
$1,420
Rent
-$1,259
Cashflow
Cash Flow
$1,420 income − $2,679 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,420
Total Expenses
$2,679
Mortgage P&I
135%
$1,913
Property Taxes
12%
$164
Home Insurance
8%
$119
HOA
0%
$0
Property Management
12%
$170
CapEx
4%
$57
Vacancy
3%
$43
Maintenance
4%
$57
Other
11%
$156