This property looks like a bad Long-Term investment with a projected -19.93% first-year return on $71,400 initial cash invested.
-19.93%
Cash On Cash
2.35%
Cap Rate
0.38
DSCR
$1,546
Rent
-$1,186
Cashflow
Cash Flow
$1,546 income − $2,732 expenses = $1,186 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,400
Downpayment
20%
$68,000
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,546
Total Expenses
$2,732
Mortgage P&I
115%
$1,775
Property Taxes
28%
$436
Home Insurance
8%
$119
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0