This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $69,300 initial cash invested.
-11.79%
Cash On Cash
4.57%
Cap Rate
0.69
DSCR
$2,234
Rent
-$681
Cashflow
Cash Flow
$2,234 income − $2,915 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,234
Total Expenses
$2,915
Mortgage P&I
82%
$1,826
Property Taxes
18%
$392
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0