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This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $71,400 initial cash invested.
-6.69%
Cash On Cash
5%
Cap Rate
0.83
DSCR
$2,300
Rent
-$398
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,300 income − $2,698 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,300
Total Expenses
$2,698
Mortgage P&I
74%
$1,699
Property Taxes
12%
$280
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0