This property looks like a bad Long-Term investment with a projected -4.66% first-year return on $67,179 initial cash invested.
-4.66%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$2,773
Rent
-$261
Cashflow
Cash Flow
$2,773 income − $3,034 expenses = $261 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
$2,773
Total Expenses
$3,034
Mortgage P&I
64%
$1,771
Property Taxes
16%
$430
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0