This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $93,600 initial cash invested.
-6.79%
Cash On Cash
4.83%
Cap Rate
0.77
DSCR
$2,434
Rent
-$530
Cashflow
Cash Flow
$2,434 income − $2,964 expenses = $530 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
$2,434
Total Expenses
$2,964
Mortgage P&I
77%
$1,883
Property Taxes
5%
$128
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268