This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $93,579 initial cash invested.
-5.04%
Cash On Cash
5.7%
Cap Rate
0.86
DSCR
$2,880
Rent
-$393
Cashflow
Cash Flow
$2,880 income − $3,273 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,880
Total Expenses
$3,273
Mortgage P&I
69%
$1,989
Property Taxes
6%
$179
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317