This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $93,600 initial cash invested.
-3.85%
Cash On Cash
5.93%
Cap Rate
0.91
DSCR
$2,979
Rent
-$300
Cashflow
Cash Flow
$2,979 income − $3,279 expenses = $300 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,979
Total Expenses
$3,279
Mortgage P&I
66%
$1,961
Property Taxes
6%
$184
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328