This property looks like a bad Long-Term investment with a projected -7.5% first-year return on $70,098 initial cash invested.
-7.5%
Cash On Cash
5.45%
Cap Rate
0.83
DSCR
$2,648
Rent
-$438
Cashflow
Cash Flow
$2,648 income − $3,086 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,098
Downpayment
20%
$66,760
Closing costs
1%
$3,338
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,648
Total Expenses
$3,086
Mortgage P&I
69%
$1,821
Property Taxes
17%
$442
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0