This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $89,379 initial cash invested.
-2.63%
Cash On Cash
6.32%
Cap Rate
0.96
DSCR
$3,032
Rent
-$196
Cashflow
Cash Flow
$3,032 income − $3,228 expenses = $196 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
$3,032
Total Expenses
$3,228
Mortgage P&I
62%
$1,865
Property Taxes
7%
$213
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334