This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $85,158 initial cash invested.
-7.24%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$2,954
Rent
-$514
Cashflow
Cash Flow
$2,954 income − $3,468 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,158
Downpayment
20%
$63,960
Closing costs
1%
$3,198
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,954
Total Expenses
$3,468
Mortgage P&I
60%
$1,772
Property Taxes
19%
$548
Home Insurance
4%
$113
HOA
1%
$31
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325