This property looks like a bad Long-Term investment with a projected -6% first-year return on $71,442 initial cash invested.
-6%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$2,641
Rent
-$357
Cashflow
Cash Flow
$2,641 income − $2,998 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,442
Downpayment
20%
$68,040
Closing costs
1%
$3,402
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,641
Total Expenses
$2,998
Mortgage P&I
70%
$1,859
Property Taxes
7%
$178
Home Insurance
5%
$124
HOA
6%
$151
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0