This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $70,854 initial cash invested.
-6.08%
Cash On Cash
5.39%
Cap Rate
0.86
DSCR
$2,293
Rent
-$359
Cashflow
Cash Flow
$2,293 income − $2,652 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,854
Downpayment
20%
$67,480
Closing costs
1%
$3,374
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,293
Total Expenses
$2,652
Mortgage P&I
77%
$1,759
Property Taxes
8%
$175
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0