This property looks like a bad Long-Term investment with a projected -8.91% first-year return on $67,200 initial cash invested.
-8.91%
Cash On Cash
4.96%
Cap Rate
0.78
DSCR
$2,513
Rent
-$499
Cashflow
Cash Flow
$2,513 income − $3,012 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,513
Total Expenses
$3,012
Mortgage P&I
67%
$1,696
Property Taxes
22%
$546
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0