This property looks like a bad Long-Term investment with a projected -14.95% first-year return on $70,056 initial cash invested.
-14.95%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$1,919
Rent
-$873
Cashflow
Cash Flow
$1,919 income − $2,792 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,056
Downpayment
20%
$66,720
Closing costs
1%
$3,336
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,919
Total Expenses
$2,792
Mortgage P&I
89%
$1,700
Property Taxes
15%
$289
Home Insurance
6%
$121
HOA
10%
$183
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0