This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $71,400 initial cash invested.
-4.44%
Cash On Cash
6.07%
Cap Rate
0.93
DSCR
$2,747
Rent
-$264
Cashflow
Cash Flow
$2,747 income − $3,011 expenses = $264 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
$2,747
Total Expenses
$3,011
Mortgage P&I
67%
$1,848
Property Taxes
12%
$330
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0