This property looks like a bad Long-Term investment with a projected -2.3% first-year return on $67,200 initial cash invested.
-2.3%
Cash On Cash
6.45%
Cap Rate
1
DSCR
$2,522
Rent
-$129
Cashflow
Cash Flow
$2,522 income − $2,651 expenses = $129 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
$2,522
Total Expenses
$2,651
Mortgage P&I
68%
$1,722
Property Taxes
5%
$133
Home Insurance
4%
$112
HOA
1%
$29
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0