This property looks like a bad Long-Term investment with a projected -15.54% first-year return on $70,749 initial cash invested.
-15.54%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$1,994
Rent
-$916
Cashflow
Cash Flow
$1,994 income − $2,910 expenses = $916 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,994
Total Expenses
$2,910
Mortgage P&I
90%
$1,803
Property Taxes
24%
$472
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0