This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $93,598 initial cash invested.
-7.76%
Cash On Cash
5%
Cap Rate
0.75
DSCR
$2,838
Rent
-$605
Cashflow
Cash Flow
$2,838 income − $3,443 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,598
Downpayment
20%
$71,998
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,838
Total Expenses
$3,443
Mortgage P&I
70%
$1,992
Property Taxes
13%
$359
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312