This property looks like a bad Long-Term investment with a projected -4.75% first-year return on $70,791 initial cash invested.
-4.75%
Cash On Cash
5.38%
Cap Rate
0.9
DSCR
$2,069
Rent
-$280
Cashflow
Cash Flow
$2,069 income − $2,349 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,069
Total Expenses
$2,349
Mortgage P&I
82%
$1,688
Property Taxes
0%
$2
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0