This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $85,179 initial cash invested.
-9.03%
Cash On Cash
4.62%
Cap Rate
0.69
DSCR
$2,432
Rent
-$641
Cashflow
Cash Flow
$2,432 income − $3,073 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,432
Total Expenses
$3,073
Mortgage P&I
73%
$1,775
Property Taxes
15%
$359
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268