This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $69,279 initial cash invested.
-12.84%
Cash On Cash
4.36%
Cap Rate
0.66
DSCR
$2,488
Rent
-$741
Cashflow
Cash Flow
$2,488 income − $3,229 expenses = $741 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
$2,488
Total Expenses
$3,229
Mortgage P&I
73%
$1,817
Property Taxes
26%
$650
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0