This property looks like a bad Mid-Term investment with a projected -0.1% first-year return on $93,516 initial cash invested.
-0.1%
Cash On Cash
7.01%
Cap Rate
1.06
DSCR
$3,327
Rent
-$8
Cashflow
Cash Flow
$3,327 income − $3,335 expenses = $8 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,516
Downpayment
20%
$71,920
Closing costs
1%
$3,596
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,327
Total Expenses
$3,335
Mortgage P&I
59%
$1,975
Property Taxes
3%
$98
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366