This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $70,350 initial cash invested.
-12.98%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$1,691
Rent
-$761
Cashflow
Cash Flow
$1,691 income − $2,452 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,691
Total Expenses
$2,452
Mortgage P&I
105%
$1,783
Property Taxes
7%
$112
Home Insurance
7%
$117
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$101
Maintenance
5%
$85
Other
0%
$0