This property looks like a bad Mid-Term investment with a projected -3.11% first-year return on $85,179 initial cash invested.
-3.11%
Cash On Cash
5.77%
Cap Rate
0.94
DSCR
$2,946
Rent
-$221
Cashflow
Cash Flow
$2,946 income − $3,167 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,946
Total Expenses
$3,167
Mortgage P&I
56%
$1,641
Property Taxes
14%
$412
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324