This property looks like a bad Long-Term investment with a projected -4.31% first-year return on $67,116 initial cash invested.
-4.31%
Cash On Cash
6.03%
Cap Rate
0.93
DSCR
$2,359
Rent
-$241
Cashflow
Cash Flow
$2,359 income − $2,600 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,116
Downpayment
20%
$63,920
Closing costs
1%
$3,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,359
Total Expenses
$2,600
Mortgage P&I
73%
$1,730
Property Taxes
6%
$142
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0