This property looks like a bad Mid-Term investment with a projected -11.68% first-year return on $89,379 initial cash invested.
-11.68%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$2,414
Rent
-$870
Cashflow
Cash Flow
$2,414 income − $3,284 expenses = $870 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
$2,414
Total Expenses
$3,284
Mortgage P&I
77%
$1,849
Property Taxes
20%
$494
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266