This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $70,728 initial cash invested.
-16.29%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$1,938
Rent
-$960
Cashflow
Cash Flow
$1,938 income − $2,898 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,938
Total Expenses
$2,898
Mortgage P&I
95%
$1,844
Property Taxes
23%
$436
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0