This property looks like a bad Long-Term investment with a projected -17.18% first-year return on $71,400 initial cash invested.
-17.18%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$1,625
Rent
-$1,022
Cashflow
Cash Flow
$1,625 income − $2,647 expenses = $1,022 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,625
Total Expenses
$2,647
Mortgage P&I
106%
$1,722
Property Taxes
24%
$384
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0