This property looks like a bad Long-Term investment with a projected -5.91% first-year return on $71,022 initial cash invested.
-5.91%
Cash On Cash
5.39%
Cap Rate
0.88
DSCR
$2,834
Rent
-$350
Cashflow
Cash Flow
$2,834 income − $3,184 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,022
Downpayment
20%
$67,640
Closing costs
1%
$3,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,834
Total Expenses
$3,184
Mortgage P&I
61%
$1,726
Property Taxes
21%
$602
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0