This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $70,875 initial cash invested.
-14.29%
Cash On Cash
3.6%
Cap Rate
0.57
DSCR
$1,806
Rent
-$844
Cashflow
Cash Flow
$1,806 income − $2,650 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,875
Downpayment
20%
$67,500
Closing costs
1%
$3,375
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,806
Total Expenses
$2,650
Mortgage P&I
98%
$1,766
Property Taxes
16%
$293
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0