This property looks like a bad Long-Term investment with a projected -19.09% first-year return on $71,463 initial cash invested.
-19.09%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$1,838
Rent
-$1,137
Cashflow
Cash Flow
$1,838 income − $2,975 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,463
Downpayment
20%
$68,060
Closing costs
1%
$3,403
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,838
Total Expenses
$2,975
Mortgage P&I
103%
$1,886
Property Taxes
27%
$489
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0