This property looks like a bad Mid-Term investment with a projected -0.64% first-year return on $85,956 initial cash invested.
-0.64%
Cash On Cash
6.92%
Cap Rate
1.05
DSCR
$3,525
Rent
-$46
Cashflow
Cash Flow
$3,525 income − $3,571 expenses = $46 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,525
Total Expenses
$3,571
Mortgage P&I
50%
$1,771
Property Taxes
12%
$439
Home Insurance
3%
$116
HOA
1%
$46
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388