This property looks like a bad Long-Term investment with a projected -10.96% first-year return on $71,400 initial cash invested.
-10.96%
Cash On Cash
4.92%
Cap Rate
0.72
DSCR
$2,101
Rent
-$652
Cashflow
Cash Flow
$2,101 income − $2,753 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,101
Total Expenses
$2,753
Mortgage P&I
92%
$1,941
Property Taxes
7%
$147
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0