This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $70,266 initial cash invested.
-12.3%
Cash On Cash
3.87%
Cap Rate
0.64
DSCR
$2,161
Rent
-$720
Cashflow
Cash Flow
$2,161 income − $2,881 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,266
Downpayment
20%
$66,920
Closing costs
1%
$3,346
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,161
Total Expenses
$2,881
Mortgage P&I
78%
$1,691
Property Taxes
24%
$511
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0