This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $71,295 initial cash invested.
-13.73%
Cash On Cash
3.68%
Cap Rate
0.59
DSCR
$1,909
Rent
-$816
Cashflow
Cash Flow
$1,909 income − $2,725 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,909
Total Expenses
$2,725
Mortgage P&I
92%
$1,762
Property Taxes
11%
$210
Home Insurance
6%
$121
HOA
7%
$136
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$115
Maintenance
5%
$95
Other
0%
$0