This property looks like a bad Long-Term investment with a projected -14.34% first-year return on $71,400 initial cash invested.
-14.34%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$2,191
Rent
-$853
Cashflow
Cash Flow
$2,191 income − $3,044 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,191
Total Expenses
$3,044
Mortgage P&I
84%
$1,845
Property Taxes
23%
$510
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0