This property looks like a bad Mid-Term investment with a projected -4.61% first-year return on $85,179 initial cash invested.
-4.61%
Cash On Cash
5.92%
Cap Rate
0.89
DSCR
$3,452
Rent
-$327
Cashflow
Cash Flow
$3,452 income − $3,779 expenses = $327 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
$3,452
Total Expenses
$3,779
Mortgage P&I
51%
$1,766
Property Taxes
19%
$662
Home Insurance
3%
$112
HOA
2%
$65
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380