This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $67,200 initial cash invested.
-14.84%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$1,565
Rent
-$831
Cashflow
Cash Flow
$1,565 income − $2,396 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,565
Total Expenses
$2,396
Mortgage P&I
113%
$1,768
Property Taxes
7%
$110
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0