This property looks like a bad Long-Term investment with a projected -5.36% first-year return on $70,056 initial cash invested.
-5.36%
Cash On Cash
5.58%
Cap Rate
0.89
DSCR
$2,435
Rent
-$313
Cashflow
Cash Flow
$2,435 income − $2,748 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$334k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,056
Downpayment
20%
$66,720
Closing costs
1%
$3,336
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,435
Total Expenses
$2,748
Mortgage P&I
72%
$1,743
Property Taxes
10%
$236
Home Insurance
5%
$114
HOA
1%
$21
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0