This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $85,179 initial cash invested.
-4.83%
Cash On Cash
5.46%
Cap Rate
0.85
DSCR
$2,262
Rent
-$343
Cashflow
Cash Flow
$2,262 income − $2,605 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,262
Total Expenses
$2,605
Mortgage P&I
76%
$1,708
Property Taxes
1%
$17
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$249