This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $71,379 initial cash invested.
-15.03%
Cash On Cash
3.66%
Cap Rate
0.57
DSCR
$2,091
Rent
-$894
Cashflow
Cash Flow
$2,091 income − $2,985 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,091
Total Expenses
$2,985
Mortgage P&I
87%
$1,827
Property Taxes
24%
$493
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$125
Maintenance
5%
$105
Other
0%
$0