This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $70,329 initial cash invested.
-15.02%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,343
Rent
-$880
Cashflow
Cash Flow
$2,343 income − $3,223 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,343
Total Expenses
$3,223
Mortgage P&I
78%
$1,817
Property Taxes
29%
$680
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0