This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $67,221 initial cash invested.
-9.46%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$1,876
Rent
-$530
Cashflow
Cash Flow
$1,876 income − $2,406 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,221
Downpayment
20%
$64,020
Closing costs
1%
$3,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,876
Total Expenses
$2,406
Mortgage P&I
91%
$1,701
Property Taxes
6%
$108
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0