This property looks like a bad Long-Term investment with a projected -7.36% first-year return on $69,321 initial cash invested.
-7.36%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$2,410
Rent
-$425
Cashflow
Cash Flow
$2,410 income − $2,835 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,410
Total Expenses
$2,835
Mortgage P&I
75%
$1,808
Property Taxes
12%
$284
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0