This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $86,103 initial cash invested.
-1.39%
Cash On Cash
6.65%
Cap Rate
1.01
DSCR
$2,979
Rent
-$100
Cashflow
Cash Flow
$2,979 income − $3,079 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,103
Downpayment
20%
$64,860
Closing costs
1%
$3,243
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,979
Total Expenses
$3,079
Mortgage P&I
60%
$1,777
Property Taxes
3%
$95
Home Insurance
4%
$105
HOA
3%
$90
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328