This property looks like a bad Long-Term investment with a projected -11.55% first-year return on $67,200 initial cash invested.
-11.55%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$2,218
Rent
-$647
Cashflow
Cash Flow
$2,218 income − $2,865 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,218
Total Expenses
$2,865
Mortgage P&I
78%
$1,741
Property Taxes
19%
$431
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0