This property looks like a bad Long-Term investment with a projected -14.79% first-year return on $70,350 initial cash invested.
-14.79%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$1,872
Rent
-$867
Cashflow
Cash Flow
$1,872 income − $2,739 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,872
Total Expenses
$2,739
Mortgage P&I
97%
$1,823
Property Taxes
17%
$312
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0