This property looks like a bad Mid-Term investment with a projected -5.9% first-year return on $93,579 initial cash invested.
-5.9%
Cash On Cash
4.94%
Cap Rate
0.81
DSCR
$2,961
Rent
-$460
Cashflow
Cash Flow
$2,961 income − $3,421 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,961
Total Expenses
$3,421
Mortgage P&I
62%
$1,823
Property Taxes
16%
$466
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326