This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $67,200 initial cash invested.
-16.52%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$2,072
Rent
-$925
Cashflow
Cash Flow
$2,072 income − $2,997 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,072
Total Expenses
$2,997
Mortgage P&I
85%
$1,762
Property Taxes
28%
$580
Home Insurance
5%
$112
HOA
0%
$4
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0