This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $71,358 initial cash invested.
-11.32%
Cash On Cash
4.34%
Cap Rate
0.68
DSCR
$1,898
Rent
-$673
Cashflow
Cash Flow
$1,898 income − $2,571 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,358
Downpayment
20%
$67,960
Closing costs
1%
$3,398
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,898
Total Expenses
$2,571
Mortgage P&I
95%
$1,808
Property Taxes
8%
$147
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0