This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $67,284 initial cash invested.
-18.89%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$1,973
Rent
-$1,059
Cashflow
Cash Flow
$1,973 income − $3,032 expenses = $1,059 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$67,284
Downpayment
20%
$64,080
Closing costs
1%
$3,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,973
Total Expenses
$3,032
Mortgage P&I
89%
$1,754
Property Taxes
10%
$192
Home Insurance
5%
$103
HOA
24%
$470
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0