This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $67,242 initial cash invested.
-12.65%
Cash On Cash
3.83%
Cap Rate
0.63
DSCR
$1,996
Rent
-$709
Cashflow
Cash Flow
$1,996 income − $2,705 expenses = $709 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,242
Downpayment
20%
$64,040
Closing costs
1%
$3,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,996
Total Expenses
$2,705
Mortgage P&I
82%
$1,630
Property Taxes
22%
$441
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0