This property looks like a bad Long-Term investment with a projected -2.49% first-year return on $70,245 initial cash invested.
-2.49%
Cash On Cash
6.56%
Cap Rate
0.99
DSCR
$2,474
Rent
-$146
Cashflow
Cash Flow
$2,474 income − $2,620 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,245
Downpayment
20%
$66,900
Closing costs
1%
$3,345
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,474
Total Expenses
$2,620
Mortgage P&I
75%
$1,850
Property Taxes
0%
$10
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0