This property looks like a bad Long-Term investment with a projected -2.93% first-year return on $67,095 initial cash invested.
-2.93%
Cash On Cash
5.99%
Cap Rate
0.98
DSCR
$2,657
Rent
-$164
Cashflow
Cash Flow
$2,657 income − $2,821 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,657
Total Expenses
$2,821
Mortgage P&I
61%
$1,626
Property Taxes
15%
$392
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0