This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $70,140 initial cash invested.
-14.01%
Cash On Cash
3.57%
Cap Rate
0.57
DSCR
$1,501
Rent
-$819
Cashflow
Cash Flow
$1,501 income − $2,320 expenses = $819 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,140
Downpayment
20%
$66,800
Closing costs
1%
$3,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,501
Total Expenses
$2,320
Mortgage P&I
116%
$1,739
Property Taxes
5%
$70
Home Insurance
8%
$121
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0