This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $85,200 initial cash invested.
-4.76%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$2,738
Rent
-$338
Cashflow
Cash Flow
$2,738 income − $3,076 expenses = $338 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
$2,738
Total Expenses
$3,076
Mortgage P&I
64%
$1,762
Property Taxes
10%
$260
Home Insurance
4%
$112
HOA
0%
$10
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301