This property looks like a bad Long-Term investment with a projected -7.57% first-year return on $67,200 initial cash invested.
-7.57%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$2,310
Rent
-$424
Cashflow
Cash Flow
$2,310 income − $2,734 expenses = $424 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,310
Total Expenses
$2,734
Mortgage P&I
75%
$1,732
Property Taxes
11%
$250
Home Insurance
5%
$126
HOA
1%
$24
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0