This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $71,379 initial cash invested.
-13.1%
Cash On Cash
3.73%
Cap Rate
0.61
DSCR
$1,816
Rent
-$779
Cashflow
Cash Flow
$1,816 income − $2,595 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,816
Total Expenses
$2,595
Mortgage P&I
96%
$1,745
Property Taxes
14%
$258
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0