This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $67,179 initial cash invested.
-12.7%
Cash On Cash
3.86%
Cap Rate
0.63
DSCR
$1,964
Rent
-$711
Cashflow
Cash Flow
$1,964 income − $2,675 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,964
Total Expenses
$2,675
Mortgage P&I
84%
$1,641
Property Taxes
21%
$412
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0