This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $71,295 initial cash invested.
-11.66%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$1,958
Rent
-$693
Cashflow
Cash Flow
$1,958 income − $2,651 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,958
Total Expenses
$2,651
Mortgage P&I
95%
$1,853
Property Taxes
8%
$160
Home Insurance
6%
$119
HOA
1%
$10
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0