This property looks like a bad Mid-Term investment with a projected -1.55% first-year return on $85,179 initial cash invested.
-1.55%
Cash On Cash
6.61%
Cap Rate
1.01
DSCR
$3,243
Rent
-$110
Cashflow
Cash Flow
$3,243 income − $3,353 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,179
Downpayment
20%
$63,980
Closing costs
1%
$3,199
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$3,353
Mortgage P&I
54%
$1,741
Property Taxes
12%
$393
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357