This property looks like a bad Long-Term investment with a projected -16.75% first-year return on $69,195 initial cash invested.
-16.75%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$1,871
Rent
-$966
Cashflow
Cash Flow
$1,871 income − $2,837 expenses = $966 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,195
Downpayment
20%
$65,900
Closing costs
1%
$3,295
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,871
Total Expenses
$2,837
Mortgage P&I
97%
$1,815
Property Taxes
22%
$420
Home Insurance
6%
$115
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0