This property looks like a bad Mid-Term investment with a projected -5.23% first-year return on $93,579 initial cash invested.
-5.23%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$2,913
Rent
-$408
Cashflow
Cash Flow
$2,913 income − $3,321 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,913
Total Expenses
$3,321
Mortgage P&I
68%
$1,989
Property Taxes
7%
$215
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320