This property looks like a bad Long-Term investment with a projected -10.91% first-year return on $70,602 initial cash invested.
-10.91%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$2,048
Rent
-$642
Cashflow
Cash Flow
$2,048 income − $2,690 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$336k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,602
Downpayment
20%
$67,240
Closing costs
1%
$3,362
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,048
Total Expenses
$2,690
Mortgage P&I
90%
$1,841
Property Taxes
10%
$198
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0