This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $70,917 initial cash invested.
-10.76%
Cash On Cash
4.88%
Cap Rate
0.74
DSCR
$2,961
Rent
-$636
Cashflow
Cash Flow
$2,961 income − $3,597 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,917
Downpayment
20%
$67,540
Closing costs
1%
$3,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,961
Total Expenses
$3,597
Mortgage P&I
63%
$1,860
Property Taxes
29%
$848
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0