This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $71,484 initial cash invested.
-9.92%
Cash On Cash
5.05%
Cap Rate
0.75
DSCR
$2,530
Rent
-$591
Cashflow
Cash Flow
$2,530 income − $3,121 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,484
Downpayment
20%
$68,080
Closing costs
1%
$3,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,121
Mortgage P&I
75%
$1,897
Property Taxes
18%
$453
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0