This property looks like a bad Mid-Term investment with a projected -3.43% first-year return on $93,642 initial cash invested.
-3.43%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$3,171
Rent
-$268
Cashflow
Cash Flow
$3,171 income − $3,439 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,642
Downpayment
20%
$72,040
Closing costs
1%
$3,602
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,171
Total Expenses
$3,439
Mortgage P&I
63%
$2,007
Property Taxes
7%
$226
Home Insurance
4%
$127
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349