This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $85,179 initial cash invested.
-1.76%
Cash On Cash
6.44%
Cap Rate
1.01
DSCR
$3,512
Rent
-$125
Cashflow
Cash Flow
$3,512 income − $3,637 expenses = $125 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,512
Total Expenses
$3,637
Mortgage P&I
48%
$1,703
Property Taxes
18%
$630
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386