This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $89,295 initial cash invested.
-4.57%
Cash On Cash
5.43%
Cap Rate
0.87
DSCR
$2,864
Rent
-$340
Cashflow
Cash Flow
$2,864 income − $3,204 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$89,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,864
Total Expenses
$3,204
Mortgage P&I
62%
$1,762
Property Taxes
7%
$210
Home Insurance
4%
$121
HOA
5%
$136
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315