This property looks like a bad Mid-Term investment with a projected -4.99% first-year return on $85,179 initial cash invested.
-4.99%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$3,308
Rent
-$354
Cashflow
Cash Flow
$3,308 income − $3,662 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,308
Total Expenses
$3,662
Mortgage P&I
54%
$1,777
Property Taxes
20%
$649
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364