This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $85,179 initial cash invested.
-0.68%
Cash On Cash
6.57%
Cap Rate
1.04
DSCR
$2,799
Rent
-$48
Cashflow
Cash Flow
$2,799 income − $2,847 expenses = $48 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,799
Total Expenses
$2,847
Mortgage P&I
60%
$1,688
Property Taxes
3%
$95
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308