This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $71,400 initial cash invested.
-11.46%
Cash On Cash
4.45%
Cap Rate
0.69
DSCR
$2,336
Rent
-$682
Cashflow
Cash Flow
$2,336 income − $3,018 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,400
Downpayment
20%
$68,000
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,336
Total Expenses
$3,018
Mortgage P&I
78%
$1,827
Property Taxes
19%
$455
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0