This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $71,379 initial cash invested.
-12.14%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$1,894
Rent
-$722
Cashflow
Cash Flow
$1,894 income − $2,616 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,894
Total Expenses
$2,616
Mortgage P&I
99%
$1,884
Property Taxes
6%
$120
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0