This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $69,237 initial cash invested.
-12.05%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$2,234
Rent
-$695
Cashflow
Cash Flow
$2,234 income − $2,929 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,237
Downpayment
20%
$65,940
Closing costs
1%
$3,297
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$2,929
Mortgage P&I
83%
$1,855
Property Taxes
17%
$376
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0