This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $70,077 initial cash invested.
-16.13%
Cash On Cash
3.55%
Cap Rate
0.53
DSCR
$1,508
Rent
-$942
Cashflow
Cash Flow
$1,508 income − $2,450 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,077
Downpayment
20%
$66,740
Closing costs
1%
$3,337
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,508
Total Expenses
$2,450
Mortgage P&I
123%
$1,855
Property Taxes
6%
$87
Home Insurance
8%
$117
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0