This property looks like a bad Long-Term investment with a projected -5.09% first-year return on $70,728 initial cash invested.
-5.09%
Cash On Cash
6.11%
Cap Rate
0.91
DSCR
$2,778
Rent
-$300
Cashflow
Cash Flow
$2,778 income − $3,078 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,728
Downpayment
20%
$67,360
Closing costs
1%
$3,368
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,778
Total Expenses
$3,078
Mortgage P&I
68%
$1,877
Property Taxes
14%
$385
Home Insurance
3%
$93
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0