This property looks like a bad Long-Term investment with a projected -1.86% first-year return on $70,350 initial cash invested.
-1.86%
Cash On Cash
6.69%
Cap Rate
1.02
DSCR
$2,955
Rent
-$109
Cashflow
Cash Flow
$2,955 income − $3,064 expenses = $109 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
$2,955
Total Expenses
$3,064
Mortgage P&I
62%
$1,830
Property Taxes
12%
$348
Home Insurance
4%
$117
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0