This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $93,558 initial cash invested.
-1.24%
Cash On Cash
6.54%
Cap Rate
1.02
DSCR
$3,243
Rent
-$97
Cashflow
Cash Flow
$3,243 income − $3,340 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,558
Downpayment
20%
$71,960
Closing costs
1%
$3,598
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$3,340
Mortgage P&I
59%
$1,928
Property Taxes
6%
$183
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357