This property looks like a bad Mid-Term investment with a projected -10.1% first-year return on $93,579 initial cash invested.
-10.1%
Cash On Cash
3.76%
Cap Rate
0.62
DSCR
$2,055
Rent
-$788
Cashflow
Cash Flow
$2,055 income − $2,843 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,055
Total Expenses
$2,843
Mortgage P&I
89%
$1,834
Property Taxes
9%
$184
Home Insurance
6%
$126
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226