This property looks like a bad Long-Term investment with a projected -16.26% first-year return on $70,350 initial cash invested.
-16.26%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$1,490
Rent
-$953
Cashflow
Cash Flow
$1,490 income − $2,443 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,490
Total Expenses
$2,443
Mortgage P&I
122%
$1,813
Property Taxes
9%
$127
Home Insurance
8%
$117
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0