This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $70,350 initial cash invested.
-9.35%
Cash On Cash
4.59%
Cap Rate
0.74
DSCR
$1,970
Rent
-$548
Cashflow
Cash Flow
$1,970 income − $2,518 expenses = $548 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,970
Total Expenses
$2,518
Mortgage P&I
88%
$1,732
Property Taxes
8%
$158
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0