This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $67,179 initial cash invested.
-13.22%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$1,665
Rent
-$740
Cashflow
Cash Flow
$1,665 income − $2,405 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,665
Total Expenses
$2,405
Mortgage P&I
104%
$1,727
Property Taxes
8%
$134
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0