This property looks like a bad Mid-Term investment with a projected -1% first-year return on $85,158 initial cash invested.
-1%
Cash On Cash
6.73%
Cap Rate
1.03
DSCR
$3,158
Rent
-$71
Cashflow
Cash Flow
$3,158 income − $3,229 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$320k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,158
Downpayment
20%
$63,960
Closing costs
1%
$3,198
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,158
Total Expenses
$3,229
Mortgage P&I
55%
$1,738
Property Taxes
8%
$265
Home Insurance
4%
$114
HOA
1%
$39
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347