This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $85,179 initial cash invested.
-3.27%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$2,842
Rent
-$232
Cashflow
Cash Flow
$2,842 income − $3,074 expenses = $232 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
$2,842
Total Expenses
$3,074
Mortgage P&I
62%
$1,768
Property Taxes
8%
$227
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313