This property looks like a bad Long-Term investment with a projected -11.2% first-year return on $70,917 initial cash invested.
-11.2%
Cash On Cash
4.16%
Cap Rate
0.68
DSCR
$2,020
Rent
-$662
Cashflow
Cash Flow
$2,020 income − $2,682 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,917
Downpayment
20%
$67,540
Closing costs
1%
$3,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,682
Mortgage P&I
86%
$1,732
Property Taxes
15%
$303
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0