This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $67,284 initial cash invested.
-14.45%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$1,788
Rent
-$810
Cashflow
Cash Flow
$1,788 income − $2,598 expenses = $810 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,284
Downpayment
20%
$64,080
Closing costs
1%
$3,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,788
Total Expenses
$2,598
Mortgage P&I
94%
$1,688
Property Taxes
18%
$329
Home Insurance
7%
$117
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0