This property looks like a bad Long-Term investment with a projected -12.25% first-year return on $70,812 initial cash invested.
-12.25%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$2,064
Rent
-$723
Cashflow
Cash Flow
$2,064 income − $2,787 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,064
Total Expenses
$2,787
Mortgage P&I
88%
$1,817
Property Taxes
15%
$313
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0