This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $70,371 initial cash invested.
-13.66%
Cash On Cash
3.75%
Cap Rate
0.6
DSCR
$2,189
Rent
-$801
Cashflow
Cash Flow
$2,189 income − $2,990 expenses = $801 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,189
Total Expenses
$2,990
Mortgage P&I
79%
$1,739
Property Taxes
26%
$564
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0