This property looks like a bad Long-Term investment with a projected -19.19% first-year return on $70,980 initial cash invested.
-19.19%
Cash On Cash
2.97%
Cap Rate
0.44
DSCR
$1,648
Rent
-$1,135
Cashflow
Cash Flow
$1,648 income − $2,783 expenses = $1,135 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,648
Total Expenses
$2,783
Mortgage P&I
115%
$1,889
Property Taxes
21%
$344
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0