This property looks like a bad Mid-Term investment with a projected -8.39% first-year return on $89,399 initial cash invested.
-8.39%
Cash On Cash
4.24%
Cap Rate
0.69
DSCR
$2,409
Rent
-$625
Cashflow
Cash Flow
$2,409 income − $3,034 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,399
Downpayment
20%
$67,999
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,409
Total Expenses
$3,034
Mortgage P&I
72%
$1,729
Property Taxes
15%
$368
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265