This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $70,224 initial cash invested.
-14.59%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$2,389
Rent
-$854
Cashflow
Cash Flow
$2,389 income − $3,243 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,389
Total Expenses
$3,243
Mortgage P&I
77%
$1,840
Property Taxes
28%
$664
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0