This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $71,379 initial cash invested.
-8.32%
Cash On Cash
4.91%
Cap Rate
0.79
DSCR
$2,609
Rent
-$495
Cashflow
Cash Flow
$2,609 income − $3,104 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$3,104
Mortgage P&I
67%
$1,755
Property Taxes
22%
$580
Home Insurance
3%
$91
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0