This property looks like a bad Long-Term investment with a projected -5.65% first-year return on $71,316 initial cash invested.
-5.65%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$2,832
Rent
-$336
Cashflow
Cash Flow
$2,832 income − $3,168 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,832
Total Expenses
$3,168
Mortgage P&I
66%
$1,881
Property Taxes
15%
$431
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0