This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $71,379 initial cash invested.
-18.36%
Cash On Cash
2.7%
Cap Rate
0.43
DSCR
$1,607
Rent
-$1,092
Cashflow
Cash Flow
$1,607 income − $2,699 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,607
Total Expenses
$2,699
Mortgage P&I
111%
$1,777
Property Taxes
24%
$386
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0