This property looks like a bad Long-Term investment with a projected -7.39% first-year return on $71,295 initial cash invested.
-7.39%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$2,177
Rent
-$439
Cashflow
Cash Flow
$2,177 income − $2,616 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,177
Total Expenses
$2,616
Mortgage P&I
85%
$1,843
Property Taxes
4%
$84
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0