This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $85,998 initial cash invested.
-8.32%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$3,054
Rent
-$596
Cashflow
Cash Flow
$3,054 income − $3,650 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,998
Downpayment
20%
$64,760
Closing costs
1%
$3,238
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,054
Total Expenses
$3,650
Mortgage P&I
59%
$1,798
Property Taxes
22%
$658
Home Insurance
4%
$116
HOA
1%
$40
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336