This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $86,040 initial cash invested.
-3.6%
Cash On Cash
5.81%
Cap Rate
0.92
DSCR
$2,850
Rent
-$258
Cashflow
Cash Flow
$2,850 income − $3,108 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,040
Downpayment
20%
$64,800
Closing costs
1%
$3,240
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,850
Total Expenses
$3,108
Mortgage P&I
60%
$1,714
Property Taxes
11%
$307
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314