This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $70,896 initial cash invested.
-13.1%
Cash On Cash
4.04%
Cap Rate
0.63
DSCR
$1,997
Rent
-$774
Cashflow
Cash Flow
$1,997 income − $2,771 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,896
Downpayment
20%
$67,520
Closing costs
1%
$3,376
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,997
Total Expenses
$2,771
Mortgage P&I
91%
$1,811
Property Taxes
16%
$320
Home Insurance
6%
$120
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0