This property looks like a bad Long-Term investment with a projected -7.01% first-year return on $71,400 initial cash invested.
-7.01%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$2,086
Rent
-$417
Cashflow
Cash Flow
$2,086 income − $2,503 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,086
Total Expenses
$2,503
Mortgage P&I
83%
$1,741
Property Taxes
5%
$101
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0