This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $70,350 initial cash invested.
-13.85%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$2,018
Rent
-$812
Cashflow
Cash Flow
$2,018 income − $2,830 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,018
Total Expenses
$2,830
Mortgage P&I
91%
$1,831
Property Taxes
18%
$357
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0