This property looks like a bad Long-Term investment with a projected -10.13% first-year return on $70,371 initial cash invested.
-10.13%
Cash On Cash
4.97%
Cap Rate
0.75
DSCR
$2,535
Rent
-$594
Cashflow
Cash Flow
$2,535 income − $3,129 expenses = $594 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,535
Total Expenses
$3,129
Mortgage P&I
73%
$1,856
Property Taxes
20%
$496
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0