This property looks like a bad Long-Term investment with a projected -14.41% first-year return on $70,854 initial cash invested.
-14.41%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,004
Rent
-$851
Cashflow
Cash Flow
$2,004 income − $2,855 expenses = $851 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,004
Total Expenses
$2,855
Mortgage P&I
91%
$1,826
Property Taxes
20%
$395
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0