This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $70,308 initial cash invested.
-8.62%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$2,063
Rent
-$505
Cashflow
Cash Flow
$2,063 income − $2,568 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,308
Downpayment
20%
$66,960
Closing costs
1%
$3,348
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,063
Total Expenses
$2,568
Mortgage P&I
87%
$1,799
Property Taxes
5%
$99
Home Insurance
6%
$119
HOA
1%
$15
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0