This property looks like a bad Long-Term investment with a projected -8.14% first-year return on $69,300 initial cash invested.
-8.14%
Cash On Cash
4.84%
Cap Rate
0.78
DSCR
$1,970
Rent
-$470
Cashflow
Cash Flow
$1,970 income − $2,440 expenses = $470 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,970
Total Expenses
$2,440
Mortgage P&I
86%
$1,703
Property Taxes
6%
$110
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0