This property looks like a bad Mid-Term investment with a projected -9.12% first-year return on $93,579 initial cash invested.
-9.12%
Cash On Cash
4.01%
Cap Rate
0.66
DSCR
$2,220
Rent
-$711
Cashflow
Cash Flow
$2,220 income − $2,931 expenses = $711 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
$2,220
Total Expenses
$2,931
Mortgage P&I
82%
$1,826
Property Taxes
9%
$191
Home Insurance
6%
$126
HOA
1%
$33
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244