This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $70,749 initial cash invested.
-8.48%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$1,999
Rent
-$500
Cashflow
Cash Flow
$1,999 income − $2,499 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,749
Downpayment
20%
$67,380
Closing costs
1%
$3,369
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$2,499
Mortgage P&I
86%
$1,717
Property Taxes
7%
$140
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0