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This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $93,600 initial cash invested.
-3.09%
Cash On Cash
5.7%
Cap Rate
0.93
DSCR
$2,996
Rent
-$241
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,996 income − $3,237 expenses = $241 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
$2,996
Total Expenses
$3,237
Mortgage P&I
61%
$1,832
Property Taxes
6%
$172
Home Insurance
4%
$126
HOA
3%
$87
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330