This property looks like a bad Long-Term investment with a projected -4.74% first-year return on $71,421 initial cash invested.
-4.74%
Cash On Cash
6.24%
Cap Rate
0.93
DSCR
$3,073
Rent
-$282
Cashflow
Cash Flow
$3,073 income − $3,355 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,421
Downpayment
20%
$68,020
Closing costs
1%
$3,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,073
Total Expenses
$3,355
Mortgage P&I
62%
$1,896
Property Taxes
18%
$538
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0