This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $93,600 initial cash invested.
-4.35%
Cash On Cash
5.66%
Cap Rate
0.88
DSCR
$2,722
Rent
-$339
Cashflow
Cash Flow
$2,722 income − $3,061 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$3,061
Mortgage P&I
71%
$1,928
Property Taxes
3%
$81
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299