This property looks like a bad Long-Term investment with a projected -5.2% first-year return on $67,095 initial cash invested.
-5.2%
Cash On Cash
5.75%
Cap Rate
0.9
DSCR
$2,406
Rent
-$291
Cashflow
Cash Flow
$2,406 income − $2,697 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,095
Downpayment
20%
$63,900
Closing costs
1%
$3,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,406
Total Expenses
$2,697
Mortgage P&I
71%
$1,702
Property Taxes
11%
$256
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0