This property looks like a bad Mid-Term investment with a projected -0.86% first-year return on $85,221 initial cash invested.
-0.86%
Cash On Cash
6.57%
Cap Rate
1.03
DSCR
$2,814
Rent
-$61
Cashflow
Cash Flow
$2,814 income − $2,875 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,221
Downpayment
20%
$64,020
Closing costs
1%
$3,201
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,814
Total Expenses
$2,875
Mortgage P&I
60%
$1,701
Property Taxes
4%
$108
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310