This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $70,203 initial cash invested.
-10.02%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$2,216
Rent
-$586
Cashflow
Cash Flow
$2,216 income − $2,802 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,203
Downpayment
20%
$66,860
Closing costs
1%
$3,343
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,216
Total Expenses
$2,802
Mortgage P&I
80%
$1,768
Property Taxes
14%
$309
Home Insurance
5%
$119
HOA
1%
$29
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0