This property looks like a bad Long-Term investment with a projected -4% first-year return on $67,179 initial cash invested.
-4%
Cash On Cash
6.26%
Cap Rate
0.95
DSCR
$2,720
Rent
-$224
Cashflow
Cash Flow
$2,720 income − $2,944 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,720
Total Expenses
$2,944
Mortgage P&I
65%
$1,756
Property Taxes
14%
$369
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0