This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $89,379 initial cash invested.
-2.7%
Cash On Cash
6.37%
Cap Rate
0.98
DSCR
$3,872
Rent
-$201
Cashflow
Cash Flow
$3,872 income − $4,073 expenses = $201 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
$3,872
Total Expenses
$4,073
Mortgage P&I
48%
$1,851
Property Taxes
20%
$786
Home Insurance
3%
$119
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426