This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $93,600 initial cash invested.
-3.74%
Cash On Cash
5.58%
Cap Rate
0.91
DSCR
$3,024
Rent
-$292
Cashflow
Cash Flow
$3,024 income − $3,316 expenses = $292 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,024
Total Expenses
$3,316
Mortgage P&I
61%
$1,846
Property Taxes
10%
$315
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333