This property looks like a bad Long-Term investment with a projected -15% first-year return on $67,284 initial cash invested.
-15%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,014
Rent
-$841
Cashflow
Cash Flow
$2,014 income − $2,855 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,284
Downpayment
20%
$64,080
Closing costs
1%
$3,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,014
Total Expenses
$2,855
Mortgage P&I
88%
$1,764
Property Taxes
21%
$420
Home Insurance
6%
$114
HOA
2%
$33
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0