This property looks like a bad Mid-Term investment with a projected -2% first-year return on $85,221 initial cash invested.
-2%
Cash On Cash
6.39%
Cap Rate
0.99
DSCR
$3,188
Rent
-$142
Cashflow
Cash Flow
$3,188 income − $3,330 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,221
Downpayment
20%
$64,020
Closing costs
1%
$3,201
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,188
Total Expenses
$3,330
Mortgage P&I
54%
$1,719
Property Taxes
10%
$323
Home Insurance
4%
$116
HOA
3%
$86
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351