This property looks like a bad Long-Term investment with a projected -6.05% first-year return on $69,279 initial cash invested.
-6.05%
Cash On Cash
5.91%
Cap Rate
0.88
DSCR
$2,335
Rent
-$349
Cashflow
Cash Flow
$2,335 income − $2,684 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,279
Downpayment
20%
$65,980
Closing costs
1%
$3,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,335
Total Expenses
$2,684
Mortgage P&I
79%
$1,856
Property Taxes
4%
$104
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0