This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $89,379 initial cash invested.
-6.98%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$2,660
Rent
-$520
Cashflow
Cash Flow
$2,660 income − $3,180 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,660
Total Expenses
$3,180
Mortgage P&I
69%
$1,828
Property Taxes
12%
$329
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293