This property looks like a bad Long-Term investment with a projected -11.18% first-year return on $71,400 initial cash invested.
-11.18%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,019
Rent
-$665
Cashflow
Cash Flow
$2,019 income − $2,684 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,019
Total Expenses
$2,684
Mortgage P&I
92%
$1,858
Property Taxes
9%
$182
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0