This property looks like a bad Long-Term investment with a projected -13.83% first-year return on $71,400 initial cash invested.
-13.83%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$2,089
Rent
-$823
Cashflow
Cash Flow
$2,089 income − $2,912 expenses = $823 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
$2,089
Total Expenses
$2,912
Mortgage P&I
90%
$1,873
Property Taxes
18%
$378
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0