This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $93,642 initial cash invested.
-2.27%
Cash On Cash
6.21%
Cap Rate
0.97
DSCR
$3,122
Rent
-$177
Cashflow
Cash Flow
$3,122 income − $3,299 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,642
Downpayment
20%
$72,040
Closing costs
1%
$3,602
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$3,299
Mortgage P&I
61%
$1,916
Property Taxes
6%
$172
Home Insurance
5%
$149
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343