This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $67,200 initial cash invested.
-15.12%
Cash On Cash
3.22%
Cap Rate
0.53
DSCR
$1,938
Rent
-$847
Cashflow
Cash Flow
$1,938 income − $2,785 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,938
Total Expenses
$2,785
Mortgage P&I
83%
$1,608
Property Taxes
28%
$551
Home Insurance
6%
$112
HOA
1%
$10
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0