This property looks like a bad Long-Term investment with a projected -7.02% first-year return on $67,200 initial cash invested.
-7.02%
Cash On Cash
5.43%
Cap Rate
0.84
DSCR
$2,425
Rent
-$393
Cashflow
Cash Flow
$2,425 income − $2,818 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,425
Total Expenses
$2,818
Mortgage P&I
71%
$1,719
Property Taxes
15%
$357
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0