This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $70,707 initial cash invested.
-13.19%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$1,862
Rent
-$777
Cashflow
Cash Flow
$1,862 income − $2,639 expenses = $777 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,862
Total Expenses
$2,639
Mortgage P&I
93%
$1,736
Property Taxes
14%
$268
Home Insurance
7%
$122
HOA
2%
$29
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0