This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $67,263 initial cash invested.
-11.56%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$1,772
Rent
-$648
Cashflow
Cash Flow
$1,772 income − $2,420 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,263
Downpayment
20%
$64,060
Closing costs
1%
$3,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,772
Total Expenses
$2,420
Mortgage P&I
96%
$1,698
Property Taxes
8%
$147
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0