This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $70,350 initial cash invested.
-7.16%
Cash On Cash
5.46%
Cap Rate
0.84
DSCR
$2,498
Rent
-$420
Cashflow
Cash Flow
$2,498 income − $2,918 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,498
Total Expenses
$2,918
Mortgage P&I
73%
$1,820
Property Taxes
13%
$331
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0