This property looks like a bad Long-Term investment with a projected -12% first-year return on $71,400 initial cash invested.
-12%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$2,221
Rent
-$714
Cashflow
Cash Flow
$2,221 income − $2,935 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,221
Total Expenses
$2,935
Mortgage P&I
84%
$1,862
Property Taxes
15%
$327
Home Insurance
5%
$119
HOA
2%
$50
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0