This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $70,350 initial cash invested.
-14.58%
Cash On Cash
4.07%
Cap Rate
0.6
DSCR
$1,866
Rent
-$855
Cashflow
Cash Flow
$1,866 income − $2,721 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,866
Total Expenses
$2,721
Mortgage P&I
102%
$1,898
Property Taxes
12%
$221
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0