This property looks like a bad Long-Term investment with a projected -9.44% first-year return on $70,308 initial cash invested.
-9.44%
Cash On Cash
4.84%
Cap Rate
0.75
DSCR
$2,030
Rent
-$553
Cashflow
Cash Flow
$2,030 income − $2,583 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,308
Downpayment
20%
$66,960
Closing costs
1%
$3,348
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,030
Total Expenses
$2,583
Mortgage P&I
89%
$1,800
Property Taxes
6%
$112
Home Insurance
6%
$129
HOA
1%
$13
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0