This property looks like a bad Long-Term investment with a projected -8.03% first-year return on $69,300 initial cash invested.
-8.03%
Cash On Cash
5.41%
Cap Rate
0.81
DSCR
$2,157
Rent
-$464
Cashflow
Cash Flow
$2,157 income − $2,621 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,157
Total Expenses
$2,621
Mortgage P&I
85%
$1,844
Property Taxes
5%
$100
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0