This property looks like a bad Long-Term investment with a projected -3.83% first-year return on $69,279 initial cash invested.
-3.83%
Cash On Cash
6.23%
Cap Rate
0.95
DSCR
$2,592
Rent
-$221
Cashflow
Cash Flow
$2,592 income − $2,813 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$69,279
Downpayment
20%
$65,980
Closing costs
1%
$3,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,592
Total Expenses
$2,813
Mortgage P&I
70%
$1,804
Property Taxes
8%
$218
Home Insurance
4%
$116
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0