This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $71,316 initial cash invested.
-11.63%
Cash On Cash
4.43%
Cap Rate
0.69
DSCR
$2,333
Rent
-$691
Cashflow
Cash Flow
$2,333 income − $3,024 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,316
Downpayment
20%
$67,920
Closing costs
1%
$3,396
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$3,024
Mortgage P&I
78%
$1,827
Property Taxes
19%
$451
Home Insurance
5%
$122
HOA
1%
$17
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0