This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $86,103 initial cash invested.
-2.75%
Cash On Cash
6.02%
Cap Rate
0.95
DSCR
$2,769
Rent
-$197
Cashflow
Cash Flow
$2,769 income − $2,966 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,769
Total Expenses
$2,966
Mortgage P&I
62%
$1,712
Property Taxes
7%
$193
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305