This property looks like a bad Mid-Term investment with a projected -0.51% first-year return on $85,200 initial cash invested.
-0.51%
Cash On Cash
6.71%
Cap Rate
1.04
DSCR
$2,721
Rent
-$36
Cashflow
Cash Flow
$2,721 income − $2,757 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$2,757
Mortgage P&I
63%
$1,716
Property Taxes
0%
$3
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299