This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $85,284 initial cash invested.
-4.76%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$3,021
Rent
-$338
Cashflow
Cash Flow
$3,021 income − $3,359 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,284
Downpayment
20%
$64,080
Closing costs
1%
$3,204
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,021
Total Expenses
$3,359
Mortgage P&I
58%
$1,764
Property Taxes
14%
$420
Home Insurance
4%
$114
HOA
1%
$33
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332