This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $70,350 initial cash invested.
-7.64%
Cash On Cash
5%
Cap Rate
0.82
DSCR
$2,653
Rent
-$448
Cashflow
Cash Flow
$2,653 income − $3,101 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,653
Total Expenses
$3,101
Mortgage P&I
64%
$1,710
Property Taxes
22%
$582
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0