This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $67,284 initial cash invested.
-10.27%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$1,974
Rent
-$576
Cashflow
Cash Flow
$1,974 income − $2,550 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,284
Downpayment
20%
$64,080
Closing costs
1%
$3,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$2,550
Mortgage P&I
89%
$1,750
Property Taxes
9%
$171
Home Insurance
6%
$116
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0