This property looks like a bad Long-Term investment with a projected -9.44% first-year return on $69,300 initial cash invested.
-9.44%
Cash On Cash
4.95%
Cap Rate
0.75
DSCR
$1,991
Rent
-$545
Cashflow
Cash Flow
$1,991 income − $2,536 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,991
Total Expenses
$2,536
Mortgage P&I
91%
$1,806
Property Taxes
5%
$96
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0