This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $69,195 initial cash invested.
-8.62%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$2,126
Rent
-$497
Cashflow
Cash Flow
$2,126 income − $2,623 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,195
Downpayment
20%
$65,900
Closing costs
1%
$3,295
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$2,623
Mortgage P&I
83%
$1,770
Property Taxes
9%
$185
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0