This property looks like a bad Long-Term investment with a projected -5.62% first-year return on $71,043 initial cash invested.
-5.62%
Cash On Cash
5.8%
Cap Rate
0.89
DSCR
$2,541
Rent
-$333
Cashflow
Cash Flow
$2,541 income − $2,874 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,043
Downpayment
20%
$67,660
Closing costs
1%
$3,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,541
Total Expenses
$2,874
Mortgage P&I
72%
$1,842
Property Taxes
10%
$244
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0