This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $67,179 initial cash invested.
-9.52%
Cash On Cash
5.01%
Cap Rate
0.76
DSCR
$2,121
Rent
-$533
Cashflow
Cash Flow
$2,121 income − $2,654 expenses = $533 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,179
Downpayment
20%
$63,980
Closing costs
1%
$3,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$2,654
Mortgage P&I
83%
$1,763
Property Taxes
11%
$228
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0