This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $93,663 initial cash invested.
-2.08%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$3,274
Rent
-$162
Cashflow
Cash Flow
$3,274 income − $3,436 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,663
Downpayment
20%
$72,060
Closing costs
1%
$3,603
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,274
Total Expenses
$3,436
Mortgage P&I
60%
$1,973
Property Taxes
7%
$221
Home Insurance
4%
$129
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360