This property looks like a bad Long-Term investment with a projected -9.04% first-year return on $71,022 initial cash invested.
-9.04%
Cash On Cash
4.7%
Cap Rate
0.75
DSCR
$2,090
Rent
-$535
Cashflow
Cash Flow
$2,090 income − $2,625 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,090
Total Expenses
$2,625
Mortgage P&I
84%
$1,756
Property Taxes
10%
$206
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0