This property looks like a bad Mid-Term investment with a projected -2.46% first-year return on $93,579 initial cash invested.
-2.46%
Cash On Cash
6.03%
Cap Rate
0.96
DSCR
$2,901
Rent
-$192
Cashflow
Cash Flow
$2,901 income − $3,093 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,901
Total Expenses
$3,093
Mortgage P&I
65%
$1,885
Property Taxes
3%
$96
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319