This property looks like a bad Long-Term investment with a projected -7.75% first-year return on $70,329 initial cash invested.
-7.75%
Cash On Cash
5.08%
Cap Rate
0.82
DSCR
$2,865
Rent
-$454
Cashflow
Cash Flow
$2,865 income − $3,319 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,865
Total Expenses
$3,319
Mortgage P&I
60%
$1,730
Property Taxes
25%
$728
Home Insurance
4%
$117
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0