This property looks like a bad Long-Term investment with a projected -12.52% first-year return on $71,043 initial cash invested.
-12.52%
Cash On Cash
4.27%
Cap Rate
0.65
DSCR
$1,820
Rent
-$741
Cashflow
Cash Flow
$1,820 income − $2,561 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,043
Downpayment
20%
$67,660
Closing costs
1%
$3,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,820
Total Expenses
$2,561
Mortgage P&I
102%
$1,853
Property Taxes
6%
$114
Home Insurance
7%
$121
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0