This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $70,602 initial cash invested.
-14.21%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$2,149
Rent
-$836
Cashflow
Cash Flow
$2,149 income − $2,985 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,602
Downpayment
20%
$67,240
Closing costs
1%
$3,362
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,149
Total Expenses
$2,985
Mortgage P&I
88%
$1,882
Property Taxes
20%
$424
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0