This property looks like a bad Mid-Term investment with a projected -1.36% first-year return on $89,421 initial cash invested.
-1.36%
Cash On Cash
6.73%
Cap Rate
1.01
DSCR
$3,004
Rent
-$101
Cashflow
Cash Flow
$3,004 income − $3,105 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,421
Downpayment
20%
$68,020
Closing costs
1%
$3,401
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$3,105
Mortgage P&I
63%
$1,888
Property Taxes
3%
$76
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330