This property looks like a bad Mid-Term investment with a projected -5.85% first-year return on $85,956 initial cash invested.
-5.85%
Cash On Cash
5.38%
Cap Rate
0.83
DSCR
$2,934
Rent
-$419
Cashflow
Cash Flow
$2,934 income − $3,353 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,934
Total Expenses
$3,353
Mortgage P&I
60%
$1,753
Property Taxes
16%
$479
Home Insurance
4%
$124
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323