This property looks like a bad Mid-Term investment with a projected -6.04% first-year return on $93,579 initial cash invested.
-6.04%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$2,710
Rent
-$471
Cashflow
Cash Flow
$2,710 income − $3,181 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,710
Total Expenses
$3,181
Mortgage P&I
74%
$2,013
Property Taxes
5%
$122
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298