This property looks like a bad Long-Term investment with a projected -6.17% first-year return on $70,350 initial cash invested.
-6.17%
Cash On Cash
5.73%
Cap Rate
0.87
DSCR
$2,342
Rent
-$362
Cashflow
Cash Flow
$2,342 income − $2,704 expenses = $362 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
$2,342
Total Expenses
$2,704
Mortgage P&I
79%
$1,846
Property Taxes
6%
$132
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0