This property looks like a bad Long-Term investment with a projected -15.43% first-year return on $69,300 initial cash invested.
-15.43%
Cash On Cash
3.74%
Cap Rate
0.56
DSCR
$1,707
Rent
-$891
Cashflow
Cash Flow
$1,707 income − $2,598 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,707
Total Expenses
$2,598
Mortgage P&I
108%
$1,835
Property Taxes
12%
$204
Home Insurance
7%
$116
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0