This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $70,350 initial cash invested.
-14.86%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$1,908
Rent
-$871
Cashflow
Cash Flow
$1,908 income − $2,779 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,908
Total Expenses
$2,779
Mortgage P&I
96%
$1,831
Property Taxes
17%
$332
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0