This property looks like a bad Long-Term investment with a projected -12.34% first-year return on $71,295 initial cash invested.
-12.34%
Cash On Cash
4.41%
Cap Rate
0.66
DSCR
$2,055
Rent
-$733
Cashflow
Cash Flow
$2,055 income − $2,788 expenses = $733 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,055
Total Expenses
$2,788
Mortgage P&I
91%
$1,878
Property Taxes
12%
$256
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0