This property looks like a bad Long-Term investment with a projected -8.75% first-year return on $67,200 initial cash invested.
-8.75%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$1,990
Rent
-$490
Cashflow
Cash Flow
$1,990 income − $2,480 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,990
Total Expenses
$2,480
Mortgage P&I
88%
$1,744
Property Taxes
5%
$106
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0