This property looks like a bad Mid-Term investment with a projected -0.74% first-year return on $86,124 initial cash invested.
-0.74%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$3,788
Rent
-$53
Cashflow
Cash Flow
$3,788 income − $3,841 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,124
Downpayment
20%
$64,880
Closing costs
1%
$3,244
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,788
Total Expenses
$3,841
Mortgage P&I
47%
$1,788
Property Taxes
17%
$647
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417