This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $70,413 initial cash invested.
-8.42%
Cash On Cash
4.78%
Cap Rate
0.77
DSCR
$2,015
Rent
-$494
Cashflow
Cash Flow
$2,015 income − $2,509 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,413
Downpayment
20%
$67,060
Closing costs
1%
$3,353
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$2,509
Mortgage P&I
86%
$1,728
Property Taxes
7%
$137
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0