This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $71,379 initial cash invested.
-13.99%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$2,006
Rent
-$832
Cashflow
Cash Flow
$2,006 income − $2,838 expenses = $832 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
$2,006
Total Expenses
$2,838
Mortgage P&I
92%
$1,849
Property Taxes
17%
$332
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0