This property looks like a bad Long-Term investment with a projected -7.98% first-year return on $70,707 initial cash invested.
-7.98%
Cash On Cash
5.06%
Cap Rate
0.81
DSCR
$2,677
Rent
-$470
Cashflow
Cash Flow
$2,677 income − $3,147 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,707
Downpayment
20%
$67,340
Closing costs
1%
$3,367
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,677
Total Expenses
$3,147
Mortgage P&I
66%
$1,755
Property Taxes
21%
$574
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0