This property looks like a bad Long-Term investment with a projected -5.09% first-year return on $69,321 initial cash invested.
-5.09%
Cash On Cash
6.23%
Cap Rate
0.92
DSCR
$2,954
Rent
-$294
Cashflow
Cash Flow
$2,954 income − $3,248 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,954
Total Expenses
$3,248
Mortgage P&I
63%
$1,859
Property Taxes
17%
$504
Home Insurance
4%
$117
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0