This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $70,791 initial cash invested.
-7.03%
Cash On Cash
4.94%
Cap Rate
0.82
DSCR
$2,170
Rent
-$415
Cashflow
Cash Flow
$2,170 income − $2,585 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,791
Downpayment
20%
$67,420
Closing costs
1%
$3,371
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,170
Total Expenses
$2,585
Mortgage P&I
78%
$1,695
Property Taxes
10%
$208
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0