This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $70,350 initial cash invested.
-14.94%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$1,823
Rent
-$876
Cashflow
Cash Flow
$1,823 income − $2,699 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,823
Total Expenses
$2,699
Mortgage P&I
94%
$1,716
Property Taxes
22%
$393
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0