This property looks like a bad Long-Term investment with a projected -4.03% first-year return on $70,497 initial cash invested.
-4.03%
Cash On Cash
6.13%
Cap Rate
0.95
DSCR
$2,983
Rent
-$237
Cashflow
Cash Flow
$2,983 income − $3,220 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,497
Downpayment
20%
$67,140
Closing costs
1%
$3,357
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,983
Total Expenses
$3,220
Mortgage P&I
60%
$1,804
Property Taxes
18%
$522
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0