This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $67,179 initial cash invested.
-16.17%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$2,205
Rent
-$905
Cashflow
Cash Flow
$2,205 income − $3,110 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,205
Total Expenses
$3,110
Mortgage P&I
81%
$1,777
Property Taxes
29%
$649
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0