This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $93,621 initial cash invested.
-3.94%
Cash On Cash
5.95%
Cap Rate
0.91
DSCR
$3,216
Rent
-$307
Cashflow
Cash Flow
$3,216 income − $3,523 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,621
Downpayment
20%
$72,020
Closing costs
1%
$3,601
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,216
Total Expenses
$3,523
Mortgage P&I
61%
$1,963
Property Taxes
10%
$336
Home Insurance
4%
$130
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354