This property looks like a bad Mid-Term investment with a projected -60.36% first-year return on $86,061 initial cash invested.
-60.36%
Cash On Cash
-8.94%
Cap Rate
-1.35
DSCR
$3,078
Rent
-$4,329
Cashflow
Cash Flow
$3,078 income − $7,407 expenses = $4,329 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,061
Downpayment
20%
$64,820
Closing costs
1%
$3,241
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$7,407
Mortgage P&I
58%
$1,791
Property Taxes
145%
$4,453
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339