This property looks like a bad Long-Term investment with a projected -6.55% first-year return on $71,400 initial cash invested.
-6.55%
Cash On Cash
5.54%
Cap Rate
0.85
DSCR
$2,342
Rent
-$390
Cashflow
Cash Flow
$2,342 income − $2,732 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,342
Total Expenses
$2,732
Mortgage P&I
79%
$1,844
Property Taxes
7%
$160
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0