This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $70,350 initial cash invested.
-16.8%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$1,528
Rent
-$985
Cashflow
Cash Flow
$1,528 income − $2,513 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,528
Total Expenses
$2,513
Mortgage P&I
120%
$1,831
Property Taxes
11%
$168
Home Insurance
8%
$117
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0