This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $70,329 initial cash invested.
-16.14%
Cash On Cash
3.65%
Cap Rate
0.55
DSCR
$2,218
Rent
-$946
Cashflow
Cash Flow
$2,218 income − $3,164 expenses = $946 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,218
Total Expenses
$3,164
Mortgage P&I
84%
$1,854
Property Taxes
27%
$602
Home Insurance
5%
$119
HOA
1%
$12
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0