This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $70,434 initial cash invested.
-12.44%
Cash On Cash
4.24%
Cap Rate
0.65
DSCR
$2,076
Rent
-$730
Cashflow
Cash Flow
$2,076 income − $2,806 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,434
Downpayment
20%
$67,080
Closing costs
1%
$3,354
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,076
Total Expenses
$2,806
Mortgage P&I
87%
$1,812
Property Taxes
16%
$328
Home Insurance
6%
$125
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0