This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $70,245 initial cash invested.
-10.35%
Cash On Cash
4.81%
Cap Rate
0.73
DSCR
$2,372
Rent
-$606
Cashflow
Cash Flow
$2,372 income − $2,978 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,245
Downpayment
20%
$66,900
Closing costs
1%
$3,345
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,372
Total Expenses
$2,978
Mortgage P&I
77%
$1,828
Property Taxes
18%
$416
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0