This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $71,316 initial cash invested.
-11.51%
Cash On Cash
4.16%
Cap Rate
0.66
DSCR
$1,814
Rent
-$684
Cashflow
Cash Flow
$1,814 income − $2,498 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,316
Downpayment
20%
$67,920
Closing costs
1%
$3,396
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,814
Total Expenses
$2,498
Mortgage P&I
98%
$1,770
Property Taxes
7%
$134
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0