This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $67,200 initial cash invested.
-11.93%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$2,124
Rent
-$668
Cashflow
Cash Flow
$2,124 income − $2,792 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,124
Total Expenses
$2,792
Mortgage P&I
83%
$1,753
Property Taxes
13%
$282
Home Insurance
5%
$112
HOA
4%
$94
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0