This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $85,200 initial cash invested.
-1.93%
Cash On Cash
6.54%
Cap Rate
0.99
DSCR
$3,186
Rent
-$137
Cashflow
Cash Flow
$3,186 income − $3,323 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,186
Total Expenses
$3,323
Mortgage P&I
55%
$1,753
Property Taxes
9%
$282
Home Insurance
4%
$112
HOA
3%
$94
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350