This property looks like a bad Long-Term investment with a projected -17.88% first-year return on $67,179 initial cash invested.
-17.88%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$1,637
Rent
-$1,001
Cashflow
Cash Flow
$1,637 income − $2,638 expenses = $1,001 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,179
Downpayment
20%
$63,980
Closing costs
1%
$3,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,637
Total Expenses
$2,638
Mortgage P&I
109%
$1,786
Property Taxes
19%
$314
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0