This property looks like a bad Long-Term investment with a projected -13.16% first-year return on $70,098 initial cash invested.
-13.16%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$2,147
Rent
-$769
Cashflow
Cash Flow
$2,147 income − $2,916 expenses = $769 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
$2,147
Total Expenses
$2,916
Mortgage P&I
85%
$1,824
Property Taxes
19%
$417
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0