This property looks like a bad Mid-Term investment with a projected -8.45% first-year return on $85,179 initial cash invested.
-8.45%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$1,836
Rent
-$600
Cashflow
Cash Flow
$1,836 income − $2,436 expenses = $600 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,836
Total Expenses
$2,436
Mortgage P&I
88%
$1,619
Property Taxes
4%
$82
Home Insurance
6%
$112
HOA
0%
$0
Property Management
12%
$220
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$202