This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $67,179 initial cash invested.
-6.73%
Cash On Cash
5.58%
Cap Rate
0.85
DSCR
$2,135
Rent
-$377
Cashflow
Cash Flow
$2,135 income − $2,512 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,135
Total Expenses
$2,512
Mortgage P&I
82%
$1,757
Property Taxes
4%
$87
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0