This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $69,300 initial cash invested.
-5.51%
Cash On Cash
5.39%
Cap Rate
0.88
DSCR
$2,225
Rent
-$318
Cashflow
Cash Flow
$2,225 income − $2,543 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,225
Total Expenses
$2,543
Mortgage P&I
76%
$1,690
Property Taxes
7%
$159
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0