This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $70,497 initial cash invested.
-10.5%
Cash On Cash
4.97%
Cap Rate
0.73
DSCR
$1,998
Rent
-$617
Cashflow
Cash Flow
$1,998 income − $2,615 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,497
Downpayment
20%
$67,140
Closing costs
1%
$3,357
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,998
Total Expenses
$2,615
Mortgage P&I
95%
$1,906
Property Taxes
6%
$112
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0