This property looks like a bad Long-Term investment with a projected -5.68% first-year return on $70,623 initial cash invested.
-5.68%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$2,488
Rent
-$334
Cashflow
Cash Flow
$2,488 income − $2,822 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,623
Downpayment
20%
$67,260
Closing costs
1%
$3,363
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,488
Total Expenses
$2,822
Mortgage P&I
72%
$1,782
Property Taxes
11%
$268
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0