This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $67,095 initial cash invested.
-7.46%
Cash On Cash
5.22%
Cap Rate
0.82
DSCR
$2,228
Rent
-$417
Cashflow
Cash Flow
$2,228 income − $2,645 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,095
Downpayment
20%
$63,900
Closing costs
1%
$3,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,228
Total Expenses
$2,645
Mortgage P&I
76%
$1,696
Property Taxes
11%
$255
Home Insurance
5%
$115
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0