This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $71,001 initial cash invested.
-16.36%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$2,003
Rent
-$968
Cashflow
Cash Flow
$2,003 income − $2,971 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,001
Downpayment
20%
$67,620
Closing costs
1%
$3,381
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,003
Total Expenses
$2,971
Mortgage P&I
94%
$1,877
Property Taxes
23%
$452
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0