This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $89,379 initial cash invested.
-5.57%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$2,895
Rent
-$415
Cashflow
Cash Flow
$2,895 income − $3,310 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,895
Total Expenses
$3,310
Mortgage P&I
64%
$1,861
Property Taxes
12%
$346
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318