This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $70,308 initial cash invested.
-8.98%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$2,039
Rent
-$526
Cashflow
Cash Flow
$2,039 income − $2,565 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,308
Downpayment
20%
$66,960
Closing costs
1%
$3,348
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,039
Total Expenses
$2,565
Mortgage P&I
88%
$1,799
Property Taxes
6%
$120
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0