This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $70,350 initial cash invested.
-9.52%
Cash On Cash
5.04%
Cap Rate
0.76
DSCR
$2,235
Rent
-$558
Cashflow
Cash Flow
$2,235 income − $2,793 expenses = $558 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,235
Total Expenses
$2,793
Mortgage P&I
83%
$1,853
Property Taxes
11%
$241
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0