This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $70,728 initial cash invested.
-8.62%
Cash On Cash
5.04%
Cap Rate
0.78
DSCR
$2,296
Rent
-$508
Cashflow
Cash Flow
$2,296 income − $2,804 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,728
Downpayment
20%
$67,360
Closing costs
1%
$3,368
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,296
Total Expenses
$2,804
Mortgage P&I
79%
$1,807
Property Taxes
5%
$124
Home Insurance
5%
$119
HOA
7%
$156
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0