This property looks like a bad Long-Term investment with a projected -9.29% first-year return on $67,200 initial cash invested.
-9.29%
Cash On Cash
4.79%
Cap Rate
0.75
DSCR
$1,881
Rent
-$520
Cashflow
Cash Flow
$1,881 income − $2,401 expenses = $520 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,881
Total Expenses
$2,401
Mortgage P&I
91%
$1,703
Property Taxes
5%
$95
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0