This property looks like a bad Long-Term investment with a projected -10.93% first-year return on $70,350 initial cash invested.
-10.93%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$1,834
Rent
-$641
Cashflow
Cash Flow
$1,834 income − $2,475 expenses = $641 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
$1,834
Total Expenses
$2,475
Mortgage P&I
100%
$1,831
Property Taxes
3%
$50
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0