This property looks like a bad Long-Term investment with a projected -8.73% first-year return on $67,200 initial cash invested.
-8.73%
Cash On Cash
4.94%
Cap Rate
0.77
DSCR
$1,814
Rent
-$489
Cashflow
Cash Flow
$1,814 income − $2,303 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,814
Total Expenses
$2,303
Mortgage P&I
95%
$1,716
Property Taxes
0%
$3
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0