This property looks like a bad Long-Term investment with a projected -12.34% first-year return on $70,329 initial cash invested.
-12.34%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$2,095
Rent
-$723
Cashflow
Cash Flow
$2,095 income − $2,818 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,095
Total Expenses
$2,818
Mortgage P&I
89%
$1,860
Property Taxes
14%
$295
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0