This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $89,379 initial cash invested.
-7.68%
Cash On Cash
4.86%
Cap Rate
0.75
DSCR
$2,655
Rent
-$572
Cashflow
Cash Flow
$2,655 income − $3,227 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,655
Total Expenses
$3,227
Mortgage P&I
69%
$1,844
Property Taxes
14%
$361
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292