This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $93,600 initial cash invested.
-4.18%
Cash On Cash
6.27%
Cap Rate
0.91
DSCR
$3,338
Rent
-$326
Cashflow
Cash Flow
$3,338 income − $3,664 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.8%
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
$3,338
Total Expenses
$3,664
Mortgage P&I
62%
$2,074
Property Taxes
10%
$328
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367