This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $85,200 initial cash invested.
-5.1%
Cash On Cash
5.11%
Cap Rate
0.85
DSCR
$2,907
Rent
-$362
Cashflow
Cash Flow
$2,907 income − $3,269 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,907
Total Expenses
$3,269
Mortgage P&I
55%
$1,608
Property Taxes
19%
$551
Home Insurance
4%
$112
HOA
0%
$10
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320