This property looks like a bad Long-Term investment with a projected -15.41% first-year return on $70,077 initial cash invested.
-15.41%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$1,986
Rent
-$900
Cashflow
Cash Flow
$1,986 income − $2,886 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,077
Downpayment
20%
$66,740
Closing costs
1%
$3,337
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,986
Total Expenses
$2,886
Mortgage P&I
93%
$1,844
Property Taxes
20%
$404
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0