This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $70,371 initial cash invested.
-14.55%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$1,962
Rent
-$853
Cashflow
Cash Flow
$1,962 income − $2,815 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,371
Downpayment
20%
$67,020
Closing costs
1%
$3,351
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$2,815
Mortgage P&I
94%
$1,836
Property Taxes
18%
$350
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0