This property looks like a bad Long-Term investment with a projected -17.98% first-year return on $67,158 initial cash invested.
-17.98%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$1,969
Rent
-$1,006
Cashflow
Cash Flow
$1,969 income − $2,975 expenses = $1,006 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,158
Downpayment
20%
$63,960
Closing costs
1%
$3,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,969
Total Expenses
$2,975
Mortgage P&I
90%
$1,772
Property Taxes
28%
$548
Home Insurance
6%
$113
HOA
2%
$31
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0