This property looks like a bad Long-Term investment with a projected -6.95% first-year return on $70,413 initial cash invested.
-6.95%
Cash On Cash
5.33%
Cap Rate
0.83
DSCR
$2,196
Rent
-$408
Cashflow
Cash Flow
$2,196 income − $2,604 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,413
Downpayment
20%
$67,060
Closing costs
1%
$3,353
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,196
Total Expenses
$2,604
Mortgage P&I
81%
$1,787
Property Taxes
6%
$123
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0