This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $67,179 initial cash invested.
-9.18%
Cash On Cash
4.75%
Cap Rate
0.75
DSCR
$1,866
Rent
-$514
Cashflow
Cash Flow
$1,866 income − $2,380 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,866
Total Expenses
$2,380
Mortgage P&I
90%
$1,688
Property Taxes
5%
$95
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0