This property looks like a bad Long-Term investment with a projected -17.02% first-year return on $70,350 initial cash invested.
-17.02%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$1,465
Rent
-$998
Cashflow
Cash Flow
$1,465 income − $2,463 expenses = $998 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
$1,465
Total Expenses
$2,463
Mortgage P&I
125%
$1,828
Property Taxes
9%
$138
Home Insurance
8%
$117
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0