This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $86,019 initial cash invested.
-9.03%
Cash On Cash
4.11%
Cap Rate
0.66
DSCR
$2,140
Rent
-$647
Cashflow
Cash Flow
$2,140 income − $2,787 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,019
Downpayment
20%
$64,780
Closing costs
1%
$3,239
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,140
Total Expenses
$2,787
Mortgage P&I
78%
$1,670
Property Taxes
13%
$275
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235