This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $70,161 initial cash invested.
-14.14%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$1,988
Rent
-$827
Cashflow
Cash Flow
$1,988 income − $2,815 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,161
Downpayment
20%
$66,820
Closing costs
1%
$3,341
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,988
Total Expenses
$2,815
Mortgage P&I
90%
$1,792
Property Taxes
19%
$385
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0