This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $70,350 initial cash invested.
-17.57%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$1,329
Rent
-$1,030
Cashflow
Cash Flow
$1,329 income − $2,359 expenses = $1,030 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
$1,329
Total Expenses
$2,359
Mortgage P&I
137%
$1,817
Property Taxes
6%
$75
Home Insurance
9%
$117
HOA
0%
$5
Property Management
10%
$133
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0