This property looks like a bad Long-Term investment with a projected -19.73% first-year return on $71,400 initial cash invested.
-19.73%
Cash On Cash
2.35%
Cap Rate
0.38
DSCR
$1,600
Rent
-$1,174
Cashflow
Cash Flow
$1,600 income − $2,774 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,600
Total Expenses
$2,774
Mortgage P&I
110%
$1,760
Property Taxes
30%
$479
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0