This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $70,329 initial cash invested.
-12.22%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$2,293
Rent
-$716
Cashflow
Cash Flow
$2,293 income − $3,009 expenses = $716 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
$2,293
Total Expenses
$3,009
Mortgage P&I
81%
$1,854
Property Taxes
19%
$441
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0