This property looks like a bad Long-Term investment with a projected -6.54% first-year return on $70,287 initial cash invested.
-6.54%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$2,382
Rent
-$383
Cashflow
Cash Flow
$2,382 income − $2,765 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,287
Downpayment
20%
$66,940
Closing costs
1%
$3,347
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,382
Total Expenses
$2,765
Mortgage P&I
71%
$1,697
Property Taxes
14%
$332
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0