This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $85,200 initial cash invested.
-6.2%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$2,348
Rent
-$440
Cashflow
Cash Flow
$2,348 income − $2,788 expenses = $440 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,348
Total Expenses
$2,788
Mortgage P&I
75%
$1,768
Property Taxes
5%
$110
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258