This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $67,179 initial cash invested.
-6.34%
Cash On Cash
5.81%
Cap Rate
0.87
DSCR
$2,568
Rent
-$355
Cashflow
Cash Flow
$2,568 income − $2,923 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,568
Total Expenses
$2,923
Mortgage P&I
69%
$1,776
Property Taxes
14%
$368
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0