This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $71,379 initial cash invested.
-12.37%
Cash On Cash
4.42%
Cap Rate
0.66
DSCR
$1,901
Rent
-$736
Cashflow
Cash Flow
$1,901 income − $2,637 expenses = $736 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,901
Total Expenses
$2,637
Mortgage P&I
100%
$1,893
Property Taxes
6%
$121
Home Insurance
6%
$119
HOA
1%
$10
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0