This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $93,684 initial cash invested.
-6.19%
Cash On Cash
5.28%
Cap Rate
0.82
DSCR
$3,244
Rent
-$483
Cashflow
Cash Flow
$3,244 income − $3,727 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,684
Downpayment
20%
$72,080
Closing costs
1%
$3,604
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,244
Total Expenses
$3,727
Mortgage P&I
60%
$1,940
Property Taxes
17%
$558
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357