This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $85,263 initial cash invested.
-5.43%
Cash On Cash
5.54%
Cap Rate
0.84
DSCR
$2,460
Rent
-$386
Cashflow
Cash Flow
$2,460 income − $2,846 expenses = $386 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,263
Downpayment
20%
$64,060
Closing costs
1%
$3,203
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$2,846
Mortgage P&I
72%
$1,768
Property Taxes
5%
$127
Home Insurance
5%
$115
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271