This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $71,379 initial cash invested.
-15.5%
Cash On Cash
3.44%
Cap Rate
0.54
DSCR
$1,783
Rent
-$922
Cashflow
Cash Flow
$1,783 income − $2,705 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,783
Total Expenses
$2,705
Mortgage P&I
101%
$1,806
Property Taxes
18%
$317
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0