This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $70,350 initial cash invested.
-9.52%
Cash On Cash
4.97%
Cap Rate
0.75
DSCR
$2,137
Rent
-$558
Cashflow
Cash Flow
$2,137 income − $2,695 expenses = $558 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,137
Total Expenses
$2,695
Mortgage P&I
86%
$1,838
Property Taxes
9%
$184
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0