This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $70,329 initial cash invested.
-12.93%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$2,238
Rent
-$758
Cashflow
Cash Flow
$2,238 income − $2,996 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$2,996
Mortgage P&I
84%
$1,873
Property Taxes
19%
$424
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0