This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $70,938 initial cash invested.
-14.11%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$2,534
Rent
-$834
Cashflow
Cash Flow
$2,534 income − $3,368 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,938
Downpayment
20%
$67,560
Closing costs
1%
$3,378
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,534
Total Expenses
$3,368
Mortgage P&I
71%
$1,802
Property Taxes
31%
$788
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0