This property looks like a bad Long-Term investment with a projected -11.98% first-year return on $67,198 initial cash invested.
-11.98%
Cash On Cash
4.43%
Cap Rate
0.67
DSCR
$1,794
Rent
-$671
Cashflow
Cash Flow
$1,794 income − $2,465 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,198
Downpayment
20%
$63,998
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,794
Total Expenses
$2,465
Mortgage P&I
98%
$1,763
Property Taxes
7%
$123
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0