This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $89,316 initial cash invested.
-3.1%
Cash On Cash
5.82%
Cap Rate
0.93
DSCR
$2,721
Rent
-$231
Cashflow
Cash Flow
$2,721 income − $2,952 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,316
Downpayment
20%
$67,920
Closing costs
1%
$3,396
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$2,952
Mortgage P&I
65%
$1,770
Property Taxes
5%
$134
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299