This property looks like a bad Long-Term investment with a projected -16.11% first-year return on $67,179 initial cash invested.
-16.11%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$2,301
Rent
-$902
Cashflow
Cash Flow
$2,301 income − $3,203 expenses = $902 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
$2,301
Total Expenses
$3,203
Mortgage P&I
77%
$1,766
Property Taxes
29%
$662
Home Insurance
5%
$112
HOA
3%
$65
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0