This property looks like a bad Long-Term investment with a projected -21.37% first-year return on $71,379 initial cash invested.
-21.37%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$1,609
Rent
-$1,271
Cashflow
Cash Flow
$1,609 income − $2,880 expenses = $1,271 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,609
Total Expenses
$2,880
Mortgage P&I
115%
$1,849
Property Taxes
31%
$494
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0