This property looks like a bad Long-Term investment with a projected -7.59% first-year return on $70,791 initial cash invested.
-7.59%
Cash On Cash
4.98%
Cap Rate
0.81
DSCR
$2,490
Rent
-$448
Cashflow
Cash Flow
$2,490 income − $2,938 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,490
Total Expenses
$2,938
Mortgage P&I
69%
$1,723
Property Taxes
18%
$458
Home Insurance
4%
$111
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0