This property looks like a bad Long-Term investment with a projected -5.11% first-year return on $67,179 initial cash invested.
-5.11%
Cash On Cash
5.44%
Cap Rate
0.89
DSCR
$2,303
Rent
-$286
Cashflow
Cash Flow
$2,303 income − $2,589 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,179
Downpayment
20%
$63,980
Closing costs
1%
$3,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,303
Total Expenses
$2,589
Mortgage P&I
70%
$1,622
Property Taxes
11%
$257
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0