This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $93,600 initial cash invested.
-5.68%
Cash On Cash
5.53%
Cap Rate
0.83
DSCR
$2,836
Rent
-$443
Cashflow
Cash Flow
$2,836 income − $3,279 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,836
Total Expenses
$3,279
Mortgage P&I
70%
$1,989
Property Taxes
7%
$201
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312