This property looks like a bad Long-Term investment with a projected -2.3% first-year return on $69,363 initial cash invested.
-2.3%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$2,482
Rent
-$133
Cashflow
Cash Flow
$2,482 income − $2,615 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,363
Downpayment
20%
$66,060
Closing costs
1%
$3,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,482
Total Expenses
$2,615
Mortgage P&I
72%
$1,780
Property Taxes
3%
$71
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0