This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $93,579 initial cash invested.
-4.65%
Cash On Cash
5.92%
Cap Rate
0.88
DSCR
$2,980
Rent
-$363
Cashflow
Cash Flow
$2,980 income − $3,343 expenses = $363 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
$2,980
Total Expenses
$3,343
Mortgage P&I
68%
$2,021
Property Taxes
6%
$183
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328