This property looks like a bad Mid-Term investment with a projected -8.33% first-year return on $85,179 initial cash invested.
-8.33%
Cash On Cash
4.85%
Cap Rate
0.72
DSCR
$2,456
Rent
-$591
Cashflow
Cash Flow
$2,456 income − $3,047 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,456
Total Expenses
$3,047
Mortgage P&I
73%
$1,786
Property Taxes
13%
$314
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270