This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $85,179 initial cash invested.
-4.58%
Cash On Cash
5.63%
Cap Rate
0.87
DSCR
$2,498
Rent
-$325
Cashflow
Cash Flow
$2,498 income − $2,823 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,498
Total Expenses
$2,823
Mortgage P&I
69%
$1,727
Property Taxes
5%
$134
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275