This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $69,195 initial cash invested.
-13.74%
Cash On Cash
3.51%
Cap Rate
0.57
DSCR
$1,528
Rent
-$792
Cashflow
Cash Flow
$1,528 income − $2,320 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,195
Downpayment
20%
$65,900
Closing costs
1%
$3,295
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,528
Total Expenses
$2,320
Mortgage P&I
110%
$1,680
Property Taxes
8%
$124
Home Insurance
8%
$119
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0