This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $71,379 initial cash invested.
-16.21%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$1,773
Rent
-$964
Cashflow
Cash Flow
$1,773 income − $2,737 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,773
Total Expenses
$2,737
Mortgage P&I
103%
$1,828
Property Taxes
19%
$329
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0