This property looks like a bad Long-Term investment with a projected -12.06% first-year return on $70,350 initial cash invested.
-12.06%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$2,186
Rent
-$707
Cashflow
Cash Flow
$2,186 income − $2,893 expenses = $707 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
$2,186
Total Expenses
$2,893
Mortgage P&I
84%
$1,832
Property Taxes
17%
$376
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0