This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $93,600 initial cash invested.
-1.23%
Cash On Cash
6.6%
Cap Rate
1.04
DSCR
$4,130
Rent
-$96
Cashflow
Cash Flow
$4,130 income − $4,226 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,130
Total Expenses
$4,226
Mortgage P&I
46%
$1,911
Property Taxes
19%
$771
Home Insurance
3%
$140
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454