This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $70,245 initial cash invested.
-12.5%
Cash On Cash
3.8%
Cap Rate
0.63
DSCR
$1,947
Rent
-$732
Cashflow
Cash Flow
$1,947 income − $2,679 expenses = $732 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,245
Downpayment
20%
$66,900
Closing costs
1%
$3,345
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,947
Total Expenses
$2,679
Mortgage P&I
87%
$1,695
Property Taxes
8%
$156
Home Insurance
6%
$122
HOA
10%
$200
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0