This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $93,684 initial cash invested.
-3.52%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$3,302
Rent
-$275
Cashflow
Cash Flow
$3,302 income − $3,577 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,684
Downpayment
20%
$72,080
Closing costs
1%
$3,604
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,302
Total Expenses
$3,577
Mortgage P&I
60%
$1,985
Property Taxes
10%
$330
Home Insurance
4%
$128
HOA
0%
$12
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363