This property looks like a bad Long-Term investment with a projected -10.14% first-year return on $67,200 initial cash invested.
-10.14%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$2,285
Rent
-$568
Cashflow
Cash Flow
$2,285 income − $2,853 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,285
Total Expenses
$2,853
Mortgage P&I
75%
$1,713
Property Taxes
19%
$435
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0