This property looks like a bad Long-Term investment with a projected -18.4% first-year return on $71,421 initial cash invested.
-18.4%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$1,715
Rent
-$1,095
Cashflow
Cash Flow
$1,715 income − $2,810 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,421
Downpayment
20%
$68,020
Closing costs
1%
$3,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,715
Total Expenses
$2,810
Mortgage P&I
107%
$1,843
Property Taxes
23%
$401
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0