This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $85,179 initial cash invested.
-1.54%
Cash On Cash
6.35%
Cap Rate
1
DSCR
$2,866
Rent
-$109
Cashflow
Cash Flow
$2,866 income − $2,975 expenses = $109 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
$2,866
Total Expenses
$2,975
Mortgage P&I
59%
$1,688
Property Taxes
7%
$200
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315