This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $71,400 initial cash invested.
-14.62%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$1,626
Rent
-$870
Cashflow
Cash Flow
$1,626 income − $2,496 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,626
Total Expenses
$2,496
Mortgage P&I
107%
$1,741
Property Taxes
13%
$210
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0