This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $85,284 initial cash invested.
-5.11%
Cash On Cash
5.36%
Cap Rate
0.85
DSCR
$2,682
Rent
-$363
Cashflow
Cash Flow
$2,682 income − $3,045 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,284
Downpayment
20%
$64,080
Closing costs
1%
$3,204
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,682
Total Expenses
$3,045
Mortgage P&I
63%
$1,688
Property Taxes
12%
$329
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295