This property looks like a bad Long-Term investment with a projected -25.13% first-year return on $71,400 initial cash invested.
-25.13%
Cash On Cash
1.64%
Cap Rate
0.24
DSCR
$947
Rent
-$1,495
Cashflow
Cash Flow
$947 income − $2,442 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.6%
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
$947
Total Expenses
$2,442
Mortgage P&I
202%
$1,913
Property Taxes
17%
$164
Home Insurance
13%
$119
HOA
0%
$0
Property Management
10%
$95
CapEx
5%
$47
Vacancy
6%
$57
Maintenance
5%
$47
Other
0%
$0