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This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $71,400 initial cash invested.
-10.05%
Cash On Cash
4.28%
Cap Rate
0.71
DSCR
$2,042
Rent
-$598
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,042 income − $2,640 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,042
Total Expenses
$2,640
Mortgage P&I
84%
$1,708
Property Taxes
13%
$256
Home Insurance
6%
$119
HOA
1%
$26
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0