This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $93,579 initial cash invested.
-5.4%
Cash On Cash
5.01%
Cap Rate
0.83
DSCR
$2,684
Rent
-$421
Cashflow
Cash Flow
$2,684 income − $3,105 expenses = $421 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
$2,684
Total Expenses
$3,105
Mortgage P&I
68%
$1,818
Property Taxes
9%
$249
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295