This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $69,258 initial cash invested.
-8.52%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$2,056
Rent
-$492
Cashflow
Cash Flow
$2,056 income − $2,548 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,258
Downpayment
20%
$65,960
Closing costs
1%
$3,298
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,056
Total Expenses
$2,548
Mortgage P&I
88%
$1,805
Property Taxes
4%
$89
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0