This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $71,379 initial cash invested.
-15.08%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$1,930
Rent
-$897
Cashflow
Cash Flow
$1,930 income − $2,827 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,827
Mortgage P&I
96%
$1,861
Property Taxes
18%
$346
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0