This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $67,179 initial cash invested.
-12.61%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$1,895
Rent
-$706
Cashflow
Cash Flow
$1,895 income − $2,601 expenses = $706 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
$1,895
Total Expenses
$2,601
Mortgage P&I
93%
$1,768
Property Taxes
12%
$227
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0