This property looks like a bad Long-Term investment with a projected -16.59% first-year return on $69,279 initial cash invested.
-16.59%
Cash On Cash
3.01%
Cap Rate
0.49
DSCR
$2,026
Rent
-$958
Cashflow
Cash Flow
$2,026 income − $2,984 expenses = $958 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,026
Total Expenses
$2,984
Mortgage P&I
83%
$1,685
Property Taxes
32%
$656
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0