This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $71,379 initial cash invested.
-13.92%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,129
Rent
-$828
Cashflow
Cash Flow
$2,129 income − $2,957 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,129
Total Expenses
$2,957
Mortgage P&I
87%
$1,851
Property Taxes
20%
$434
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0