This property looks like a bad Long-Term investment with a projected -7.09% first-year return on $70,287 initial cash invested.
-7.09%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$2,415
Rent
-$415
Cashflow
Cash Flow
$2,415 income − $2,830 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,287
Downpayment
20%
$66,940
Closing costs
1%
$3,347
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,415
Total Expenses
$2,830
Mortgage P&I
76%
$1,835
Property Taxes
10%
$249
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0