This property looks like a bad Long-Term investment with a projected -17.26% first-year return on $71,400 initial cash invested.
-17.26%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$2,165
Rent
-$1,027
Cashflow
Cash Flow
$2,165 income − $3,192 expenses = $1,027 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,165
Total Expenses
$3,192
Mortgage P&I
84%
$1,813
Property Taxes
28%
$614
Home Insurance
6%
$119
HOA
4%
$84
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0