This property looks like a bad Long-Term investment with a projected -5.97% first-year return on $67,179 initial cash invested.
-5.97%
Cash On Cash
5.44%
Cap Rate
0.86
DSCR
$2,089
Rent
-$334
Cashflow
Cash Flow
$2,089 income − $2,423 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,089
Total Expenses
$2,423
Mortgage P&I
80%
$1,681
Property Taxes
4%
$88
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0