This property looks like a bad Long-Term investment with a projected -13.41% first-year return on $70,140 initial cash invested.
-13.41%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$1,972
Rent
-$784
Cashflow
Cash Flow
$1,972 income − $2,756 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,140
Downpayment
20%
$66,800
Closing costs
1%
$3,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,972
Total Expenses
$2,756
Mortgage P&I
94%
$1,851
Property Taxes
14%
$270
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0