This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $70,665 initial cash invested.
-8.52%
Cash On Cash
4.66%
Cap Rate
0.76
DSCR
$1,979
Rent
-$502
Cashflow
Cash Flow
$1,979 income − $2,481 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,665
Downpayment
20%
$67,300
Closing costs
1%
$3,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,481
Mortgage P&I
86%
$1,711
Property Taxes
7%
$133
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0