This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $71,400 initial cash invested.
-6.64%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$2,420
Rent
-$395
Cashflow
Cash Flow
$2,420 income − $2,815 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,420
Total Expenses
$2,815
Mortgage P&I
77%
$1,859
Property Taxes
8%
$202
Home Insurance
5%
$119
HOA
0%
$6
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0