This property looks like a bad Long-Term investment with a projected -4.66% first-year return on $67,200 initial cash invested.
-4.66%
Cash On Cash
6.01%
Cap Rate
0.93
DSCR
$2,984
Rent
-$261
Cashflow
Cash Flow
$2,984 income − $3,245 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,984
Total Expenses
$3,245
Mortgage P&I
57%
$1,715
Property Taxes
22%
$643
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0