This property looks like a bad Long-Term investment with a projected -4.69% first-year return on $69,300 initial cash invested.
-4.69%
Cash On Cash
5.95%
Cap Rate
0.92
DSCR
$2,635
Rent
-$271
Cashflow
Cash Flow
$2,635 income − $2,906 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,635
Total Expenses
$2,906
Mortgage P&I
67%
$1,775
Property Taxes
12%
$329
Home Insurance
4%
$116
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0