This property looks like a bad Long-Term investment with a projected -6.16% first-year return on $70,329 initial cash invested.
-6.16%
Cash On Cash
5.59%
Cap Rate
0.86
DSCR
$2,341
Rent
-$361
Cashflow
Cash Flow
$2,341 income − $2,702 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,341
Total Expenses
$2,702
Mortgage P&I
77%
$1,805
Property Taxes
7%
$172
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0