This property looks like a bad Mid-Term investment with a projected -10.46% first-year return on $89,379 initial cash invested.
-10.46%
Cash On Cash
3.71%
Cap Rate
0.6
DSCR
$2,110
Rent
-$779
Cashflow
Cash Flow
$2,110 income − $2,889 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,110
Total Expenses
$2,889
Mortgage P&I
83%
$1,746
Property Taxes
15%
$308
Home Insurance
6%
$119
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232