This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $67,179 initial cash invested.
-10.49%
Cash On Cash
4.49%
Cap Rate
0.71
DSCR
$1,911
Rent
-$587
Cashflow
Cash Flow
$1,911 income − $2,498 expenses = $587 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
$1,911
Total Expenses
$2,498
Mortgage P&I
88%
$1,688
Property Taxes
10%
$200
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0