This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $71,400 initial cash invested.
-10.89%
Cash On Cash
4.25%
Cap Rate
0.69
DSCR
$1,914
Rent
-$648
Cashflow
Cash Flow
$1,914 income − $2,562 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,914
Total Expenses
$2,562
Mortgage P&I
92%
$1,755
Property Taxes
10%
$190
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0