This property looks like a bad Long-Term investment with a projected -4.94% first-year return on $67,242 initial cash invested.
-4.94%
Cash On Cash
6.15%
Cap Rate
0.93
DSCR
$3,043
Rent
-$277
Cashflow
Cash Flow
$3,043 income − $3,320 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,242
Downpayment
20%
$64,040
Closing costs
1%
$3,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,043
Total Expenses
$3,320
Mortgage P&I
58%
$1,765
Property Taxes
20%
$611
Home Insurance
5%
$153
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0