This property looks like a bad Mid-Term investment with a projected -7.95% first-year return on $85,284 initial cash invested.
-7.95%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$2,960
Rent
-$565
Cashflow
Cash Flow
$2,960 income − $3,525 expenses = $565 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,284
Downpayment
20%
$64,080
Closing costs
1%
$3,204
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$3,525
Mortgage P&I
59%
$1,754
Property Taxes
6%
$192
Home Insurance
3%
$103
HOA
16%
$470
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326