This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $69,321 initial cash invested.
-11.1%
Cash On Cash
4.33%
Cap Rate
0.69
DSCR
$2,353
Rent
-$641
Cashflow
Cash Flow
$2,353 income − $2,994 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,353
Total Expenses
$2,994
Mortgage P&I
73%
$1,713
Property Taxes
23%
$547
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0