This property looks like a bad Long-Term investment with a projected -15.13% first-year return on $70,350 initial cash invested.
-15.13%
Cash On Cash
3.73%
Cap Rate
0.56
DSCR
$1,632
Rent
-$887
Cashflow
Cash Flow
$1,632 income − $2,519 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,632
Total Expenses
$2,519
Mortgage P&I
113%
$1,845
Property Taxes
8%
$132
Home Insurance
7%
$117
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0