This property looks like a bad Long-Term investment with a projected -9.13% first-year return on $70,329 initial cash invested.
-9.13%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$2,288
Rent
-$535
Cashflow
Cash Flow
$2,288 income − $2,823 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,288
Total Expenses
$2,823
Mortgage P&I
81%
$1,850
Property Taxes
11%
$260
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0