This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $70,812 initial cash invested.
-14.42%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$1,830
Rent
-$851
Cashflow
Cash Flow
$1,830 income − $2,681 expenses = $851 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,812
Downpayment
20%
$67,440
Closing costs
1%
$3,372
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,830
Total Expenses
$2,681
Mortgage P&I
102%
$1,858
Property Taxes
12%
$227
Home Insurance
7%
$119
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0