This property looks like a bad Mid-Term investment with a projected -1.15% first-year return on $85,284 initial cash invested.
-1.15%
Cash On Cash
6.69%
Cap Rate
1.02
DSCR
$2,961
Rent
-$82
Cashflow
Cash Flow
$2,961 income − $3,043 expenses = $82 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
$2,961
Total Expenses
$3,043
Mortgage P&I
59%
$1,750
Property Taxes
6%
$171
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326