This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $71,442 initial cash invested.
-7.46%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$2,471
Rent
-$444
Cashflow
Cash Flow
$2,471 income − $2,915 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,442
Downpayment
20%
$68,040
Closing costs
1%
$3,402
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,471
Total Expenses
$2,915
Mortgage P&I
76%
$1,875
Property Taxes
11%
$275
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0