This property looks like a bad Long-Term investment with a projected -6.15% first-year return on $69,279 initial cash invested.
-6.15%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,956
Rent
-$355
Cashflow
Cash Flow
$2,956 income − $3,311 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,956
Total Expenses
$3,311
Mortgage P&I
61%
$1,800
Property Taxes
21%
$628
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0