This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $71,390 initial cash invested.
-13.09%
Cash On Cash
4%
Cap Rate
0.63
DSCR
$2,019
Rent
-$779
Cashflow
Cash Flow
$2,019 income − $2,798 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,390
Downpayment
20%
$67,990
Closing costs
1%
$3,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,019
Total Expenses
$2,798
Mortgage P&I
90%
$1,811
Property Taxes
17%
$343
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0