This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $71,379 initial cash invested.
-11.78%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$2,021
Rent
-$701
Cashflow
Cash Flow
$2,021 income − $2,722 expenses = $701 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
$2,021
Total Expenses
$2,722
Mortgage P&I
92%
$1,865
Property Taxes
11%
$213
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0