This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $93,663 initial cash invested.
-3.34%
Cash On Cash
5.97%
Cap Rate
0.93
DSCR
$3,140
Rent
-$261
Cashflow
Cash Flow
$3,140 income − $3,401 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,140
Total Expenses
$3,401
Mortgage P&I
61%
$1,927
Property Taxes
8%
$253
Home Insurance
4%
$128
HOA
1%
$25
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345