This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $70,917 initial cash invested.
-11.12%
Cash On Cash
4.34%
Cap Rate
0.69
DSCR
$2,195
Rent
-$657
Cashflow
Cash Flow
$2,195 income − $2,852 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,917
Downpayment
20%
$67,540
Closing costs
1%
$3,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,195
Total Expenses
$2,852
Mortgage P&I
81%
$1,767
Property Taxes
18%
$387
Home Insurance
6%
$122
HOA
0%
$4
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0