This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $70,980 initial cash invested.
-10.35%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$2,281
Rent
-$612
Cashflow
Cash Flow
$2,281 income − $2,893 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,980
Downpayment
20%
$67,600
Closing costs
1%
$3,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,281
Total Expenses
$2,893
Mortgage P&I
81%
$1,842
Property Taxes
15%
$340
Home Insurance
5%
$118
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0