This property looks like a bad Long-Term investment with a projected -17.14% first-year return on $70,350 initial cash invested.
-17.14%
Cash On Cash
2.63%
Cap Rate
0.44
DSCR
$1,440
Rent
-$1,005
Cashflow
Cash Flow
$1,440 income − $2,445 expenses = $1,005 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.3%
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
$1,440
Total Expenses
$2,445
Mortgage P&I
116%
$1,667
Property Taxes
20%
$287
Home Insurance
8%
$117
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0