This property looks like a bad Mid-Term investment with a projected -7.18% first-year return on $86,082 initial cash invested.
-7.18%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$2,656
Rent
-$515
Cashflow
Cash Flow
$2,656 income − $3,171 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,082
Downpayment
20%
$64,840
Closing costs
1%
$3,242
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,656
Total Expenses
$3,171
Mortgage P&I
65%
$1,739
Property Taxes
16%
$412
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292