This property looks like a bad Long-Term investment with a projected -6.18% first-year return on $69,321 initial cash invested.
-6.18%
Cash On Cash
5.6%
Cap Rate
0.87
DSCR
$2,519
Rent
-$357
Cashflow
Cash Flow
$2,519 income − $2,876 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,321
Downpayment
20%
$66,020
Closing costs
1%
$3,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,519
Total Expenses
$2,876
Mortgage P&I
70%
$1,771
Property Taxes
13%
$331
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0