This property looks like a bad Long-Term investment with a projected -7.82% first-year return on $71,358 initial cash invested.
-7.82%
Cash On Cash
5.35%
Cap Rate
0.81
DSCR
$2,216
Rent
-$465
Cashflow
Cash Flow
$2,216 income − $2,681 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,358
Downpayment
20%
$67,960
Closing costs
1%
$3,398
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,216
Total Expenses
$2,681
Mortgage P&I
84%
$1,869
Property Taxes
5%
$116
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0