This property looks like a bad Long-Term investment with a projected -1.93% first-year return on $70,371 initial cash invested.
-1.93%
Cash On Cash
6.59%
Cap Rate
1.01
DSCR
$2,575
Rent
-$113
Cashflow
Cash Flow
$2,575 income − $2,688 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,575
Total Expenses
$2,688
Mortgage P&I
71%
$1,823
Property Taxes
3%
$83
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0