This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $67,200 initial cash invested.
-14.16%
Cash On Cash
3.98%
Cap Rate
0.6
DSCR
$1,825
Rent
-$793
Cashflow
Cash Flow
$1,825 income − $2,618 expenses = $793 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
$1,825
Total Expenses
$2,618
Mortgage P&I
97%
$1,762
Property Taxes
14%
$260
Home Insurance
6%
$112
HOA
1%
$10
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0