This property looks like a bad Long-Term investment with a projected -7.35% first-year return on $67,242 initial cash invested.
-7.35%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$2,798
Rent
-$412
Cashflow
Cash Flow
$2,798 income − $3,210 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,798
Total Expenses
$3,210
Mortgage P&I
62%
$1,747
Property Taxes
13%
$373
Home Insurance
4%
$112
HOA
9%
$250
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0