This property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $93,600 initial cash invested.
-9.24%
Cash On Cash
4.16%
Cap Rate
0.67
DSCR
$2,466
Rent
-$721
Cashflow
Cash Flow
$2,466 income − $3,187 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,466
Total Expenses
$3,187
Mortgage P&I
76%
$1,870
Property Taxes
14%
$352
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271