This property looks like a bad Mid-Term investment with a projected -5.72% first-year return on $85,200 initial cash invested.
-5.72%
Cash On Cash
5.55%
Cap Rate
0.84
DSCR
$3,108
Rent
-$406
Cashflow
Cash Flow
$3,108 income − $3,514 expenses = $406 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
$3,108
Total Expenses
$3,514
Mortgage P&I
57%
$1,762
Property Taxes
19%
$580
Home Insurance
4%
$112
HOA
0%
$4
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342