This property looks like a bad Long-Term investment with a projected -5.26% first-year return on $71,400 initial cash invested.
-5.26%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$2,487
Rent
-$313
Cashflow
Cash Flow
$2,487 income − $2,800 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,487
Total Expenses
$2,800
Mortgage P&I
75%
$1,866
Property Taxes
7%
$169
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0