This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $89,379 initial cash invested.
-4.43%
Cash On Cash
5.79%
Cap Rate
0.89
DSCR
$3,009
Rent
-$330
Cashflow
Cash Flow
$3,009 income − $3,339 expenses = $330 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
$3,009
Total Expenses
$3,339
Mortgage P&I
61%
$1,849
Property Taxes
11%
$332
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331