This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $70,203 initial cash invested.
-10.24%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$2,186
Rent
-$599
Cashflow
Cash Flow
$2,186 income − $2,785 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,203
Downpayment
20%
$66,860
Closing costs
1%
$3,343
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,186
Total Expenses
$2,785
Mortgage P&I
78%
$1,711
Property Taxes
18%
$392
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0