This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $70,119 initial cash invested.
-10.8%
Cash On Cash
4.4%
Cap Rate
0.7
DSCR
$1,874
Rent
-$631
Cashflow
Cash Flow
$1,874 income − $2,505 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,119
Downpayment
20%
$66,780
Closing costs
1%
$3,339
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,874
Total Expenses
$2,505
Mortgage P&I
94%
$1,762
Property Taxes
8%
$142
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0