This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $93,579 initial cash invested.
-5.59%
Cash On Cash
5.19%
Cap Rate
0.82
DSCR
$2,572
Rent
-$436
Cashflow
Cash Flow
$2,572 income − $3,008 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,572
Total Expenses
$3,008
Mortgage P&I
74%
$1,891
Property Taxes
5%
$116
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283