This property looks like a bad Long-Term investment with a projected -16.76% first-year return on $70,812 initial cash invested.
-16.76%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$1,475
Rent
-$989
Cashflow
Cash Flow
$1,475 income − $2,464 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$70,812
Downpayment
20%
$67,440
Closing costs
1%
$3,372
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,475
Total Expenses
$2,464
Mortgage P&I
126%
$1,858
Property Taxes
7%
$100
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0