This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $71,400 initial cash invested.
-11.51%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$2,022
Rent
-$685
Cashflow
Cash Flow
$2,022 income − $2,707 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,022
Total Expenses
$2,707
Mortgage P&I
86%
$1,729
Property Taxes
17%
$334
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0