This property looks like a bad Long-Term investment with a projected -18.68% first-year return on $67,179 initial cash invested.
-18.68%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$1,621
Rent
-$1,046
Cashflow
Cash Flow
$1,621 income − $2,667 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,621
Total Expenses
$2,667
Mortgage P&I
110%
$1,775
Property Taxes
22%
$359
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0