This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $93,579 initial cash invested.
-3.03%
Cash On Cash
6.07%
Cap Rate
0.95
DSCR
$3,448
Rent
-$236
Cashflow
Cash Flow
$3,448 income − $3,684 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,579
Downpayment
20%
$71,980
Closing costs
1%
$3,599
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,448
Total Expenses
$3,684
Mortgage P&I
56%
$1,919
Property Taxes
13%
$450
Home Insurance
4%
$126
HOA
0%
$17
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379