This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $69,321 initial cash invested.
-7.88%
Cash On Cash
5.15%
Cap Rate
0.81
DSCR
$2,363
Rent
-$455
Cashflow
Cash Flow
$2,363 income − $2,818 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,363
Total Expenses
$2,818
Mortgage P&I
74%
$1,754
Property Taxes
14%
$331
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0