This property looks like a bad Long-Term investment with a projected -3.11% first-year return on $67,179 initial cash invested.
-3.11%
Cash On Cash
6.18%
Cap Rate
0.96
DSCR
$2,267
Rent
-$174
Cashflow
Cash Flow
$2,267 income − $2,441 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,267
Total Expenses
$2,441
Mortgage P&I
75%
$1,708
Property Taxes
1%
$32
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0