This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $71,064 initial cash invested.
-13.1%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$1,940
Rent
-$776
Cashflow
Cash Flow
$1,940 income − $2,716 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,064
Downpayment
20%
$67,680
Closing costs
1%
$3,384
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$2,716
Mortgage P&I
95%
$1,850
Property Taxes
13%
$243
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0