This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $71,400 initial cash invested.
-2.99%
Cash On Cash
6.01%
Cap Rate
0.96
DSCR
$2,324
Rent
-$178
Cashflow
Cash Flow
$2,324 income − $2,502 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,324
Total Expenses
$2,502
Mortgage P&I
76%
$1,764
Property Taxes
1%
$16
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0