This property looks like a bad Mid-Term investment with a projected -7% first-year return on $85,179 initial cash invested.
-7%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$2,334
Rent
-$497
Cashflow
Cash Flow
$2,334 income − $2,831 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,334
Total Expenses
$2,831
Mortgage P&I
74%
$1,716
Property Taxes
9%
$210
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257