This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $67,263 initial cash invested.
-14.2%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$1,640
Rent
-$796
Cashflow
Cash Flow
$1,640 income − $2,436 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,263
Downpayment
20%
$64,060
Closing costs
1%
$3,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,640
Total Expenses
$2,436
Mortgage P&I
108%
$1,768
Property Taxes
8%
$127
Home Insurance
7%
$115
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0