This property looks like a bad Long-Term investment with a projected -19.01% first-year return on $71,379 initial cash invested.
-19.01%
Cash On Cash
2.42%
Cap Rate
0.39
DSCR
$1,407
Rent
-$1,131
Cashflow
Cash Flow
$1,407 income − $2,538 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,407
Total Expenses
$2,538
Mortgage P&I
124%
$1,746
Property Taxes
22%
$308
Home Insurance
8%
$119
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0