This property looks like a bad Long-Term investment with a projected -15.54% first-year return on $71,043 initial cash invested.
-15.54%
Cash On Cash
3.18%
Cap Rate
0.52
DSCR
$1,981
Rent
-$920
Cashflow
Cash Flow
$1,981 income − $2,901 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,043
Downpayment
20%
$67,660
Closing costs
1%
$3,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,981
Total Expenses
$2,901
Mortgage P&I
87%
$1,718
Property Taxes
29%
$580
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0