This property looks like a bad Mid-Term investment with a projected -8.66% first-year return on $86,040 initial cash invested.
-8.66%
Cash On Cash
4.35%
Cap Rate
0.69
DSCR
$2,062
Rent
-$621
Cashflow
Cash Flow
$2,062 income − $2,683 expenses = $621 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
$2,062
Total Expenses
$2,683
Mortgage P&I
83%
$1,713
Property Taxes
8%
$157
Home Insurance
5%
$113
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$227