This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $85,200 initial cash invested.
-0.7%
Cash On Cash
6.62%
Cap Rate
1.04
DSCR
$2,822
Rent
-$50
Cashflow
Cash Flow
$2,822 income − $2,872 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,822
Total Expenses
$2,872
Mortgage P&I
60%
$1,703
Property Taxes
3%
$95
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310