This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $93,600 initial cash invested.
-2.99%
Cash On Cash
5.86%
Cap Rate
0.94
DSCR
$3,056
Rent
-$233
Cashflow
Cash Flow
$3,056 income − $3,289 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,056
Total Expenses
$3,289
Mortgage P&I
61%
$1,868
Property Taxes
2%
$56
Home Insurance
4%
$126
HOA
7%
$200
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336