This property looks like a bad Long-Term investment with a projected -3.18% first-year return on $70,224 initial cash invested.
-3.18%
Cash On Cash
6.06%
Cap Rate
0.98
DSCR
$2,937
Rent
-$186
Cashflow
Cash Flow
$2,937 income − $3,123 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,224
Downpayment
20%
$66,880
Closing costs
1%
$3,344
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,937
Total Expenses
$3,123
Mortgage P&I
59%
$1,727
Property Taxes
17%
$513
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0