This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $69,300 initial cash invested.
-13.39%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$2,004
Rent
-$773
Cashflow
Cash Flow
$2,004 income − $2,777 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,004
Total Expenses
$2,777
Mortgage P&I
90%
$1,809
Property Taxes
17%
$332
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0