This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $69,321 initial cash invested.
-9.75%
Cash On Cash
4.86%
Cap Rate
0.75
DSCR
$2,469
Rent
-$563
Cashflow
Cash Flow
$2,469 income − $3,032 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,469
Total Expenses
$3,032
Mortgage P&I
72%
$1,776
Property Taxes
20%
$496
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0