This property looks like a bad Long-Term investment with a projected -8.84% first-year return on $70,413 initial cash invested.
-8.84%
Cash On Cash
4.88%
Cap Rate
0.77
DSCR
$2,247
Rent
-$519
Cashflow
Cash Flow
$2,247 income − $2,766 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,247
Total Expenses
$2,766
Mortgage P&I
79%
$1,771
Property Taxes
13%
$294
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0