This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $67,179 initial cash invested.
-15.84%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$1,556
Rent
-$887
Cashflow
Cash Flow
$1,556 income − $2,443 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,556
Total Expenses
$2,443
Mortgage P&I
110%
$1,716
Property Taxes
14%
$210
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0