This property looks like a bad Mid-Term investment with a projected -9.05% first-year return on $93,590 initial cash invested.
-9.05%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,946
Rent
-$706
Cashflow
Cash Flow
$2,946 income − $3,652 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,590
Downpayment
20%
$71,990
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$3,652
Mortgage P&I
67%
$1,960
Property Taxes
19%
$564
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324