This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $71,400 initial cash invested.
-11.01%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$2,035
Rent
-$655
Cashflow
Cash Flow
$2,035 income − $2,690 expenses = $655 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,035
Total Expenses
$2,690
Mortgage P&I
90%
$1,825
Property Taxes
11%
$216
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0