This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $70,770 initial cash invested.
-13.43%
Cash On Cash
4.3%
Cap Rate
0.64
DSCR
$1,995
Rent
-$792
Cashflow
Cash Flow
$1,995 income − $2,787 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,770
Downpayment
20%
$67,400
Closing costs
1%
$3,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,995
Total Expenses
$2,787
Mortgage P&I
95%
$1,900
Property Taxes
12%
$245
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0