This property looks like a bad Long-Term investment with a projected -4.02% first-year return on $70,959 initial cash invested.
-4.02%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$2,964
Rent
-$238
Cashflow
Cash Flow
$2,964 income − $3,202 expenses = $238 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,959
Downpayment
20%
$67,580
Closing costs
1%
$3,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,964
Total Expenses
$3,202
Mortgage P&I
62%
$1,829
Property Taxes
16%
$474
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0