This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $70,980 initial cash invested.
-14.35%
Cash On Cash
4.01%
Cap Rate
0.6
DSCR
$2,049
Rent
-$849
Cashflow
Cash Flow
$2,049 income − $2,898 expenses = $849 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,049
Total Expenses
$2,898
Mortgage P&I
92%
$1,876
Property Taxes
17%
$352
Home Insurance
6%
$121
HOA
1%
$17
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0