This property looks like a bad Long-Term investment with a projected -8.54% first-year return on $70,959 initial cash invested.
-8.54%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$2,400
Rent
-$505
Cashflow
Cash Flow
$2,400 income − $2,905 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$338k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,959
Downpayment
20%
$67,580
Closing costs
1%
$3,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,400
Total Expenses
$2,905
Mortgage P&I
77%
$1,836
Property Taxes
14%
$324
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0