This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $71,400 initial cash invested.
-12.64%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$1,903
Rent
-$752
Cashflow
Cash Flow
$1,903 income − $2,655 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,903
Total Expenses
$2,655
Mortgage P&I
98%
$1,856
Property Taxes
10%
$186
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0