This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $67,179 initial cash invested.
-12.72%
Cash On Cash
4.16%
Cap Rate
0.65
DSCR
$2,341
Rent
-$712
Cashflow
Cash Flow
$2,341 income − $3,053 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,341
Total Expenses
$3,053
Mortgage P&I
73%
$1,703
Property Taxes
27%
$630
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0