This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $85,200 initial cash invested.
-1.3%
Cash On Cash
6.68%
Cap Rate
1.02
DSCR
$3,327
Rent
-$92
Cashflow
Cash Flow
$3,327 income − $3,419 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,200
Downpayment
20%
$64,000
Closing costs
1%
$3,200
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,327
Total Expenses
$3,419
Mortgage P&I
52%
$1,741
Property Taxes
13%
$431
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366