This property looks like a bad Long-Term investment with a projected -8.54% first-year return on $67,200 initial cash invested.
-8.54%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$2,620
Rent
-$478
Cashflow
Cash Flow
$2,620 income − $3,098 expenses = $478 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
$2,620
Total Expenses
$3,098
Mortgage P&I
67%
$1,753
Property Taxes
21%
$552
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0