This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $70,917 initial cash invested.
-7.11%
Cash On Cash
5.33%
Cap Rate
0.83
DSCR
$2,332
Rent
-$420
Cashflow
Cash Flow
$2,332 income − $2,752 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,917
Downpayment
20%
$67,540
Closing costs
1%
$3,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,332
Total Expenses
$2,752
Mortgage P&I
77%
$1,802
Property Taxes
10%
$224
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0