This property looks like a bad Long-Term investment with a projected -6.31% first-year return on $70,728 initial cash invested.
-6.31%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$2,294
Rent
-$372
Cashflow
Cash Flow
$2,294 income − $2,666 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$337k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,294
Total Expenses
$2,666
Mortgage P&I
75%
$1,720
Property Taxes
10%
$232
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0