This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $71,379 initial cash invested.
-15.65%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$2,279
Rent
-$931
Cashflow
Cash Flow
$2,279 income − $3,210 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,279
Total Expenses
$3,210
Mortgage P&I
83%
$1,886
Property Taxes
27%
$612
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0