This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $93,600 initial cash invested.
-6.71%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$3,435
Rent
-$523
Cashflow
Cash Flow
$3,435 income − $3,958 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,435
Total Expenses
$3,958
Mortgage P&I
58%
$1,981
Property Taxes
19%
$641
Home Insurance
4%
$126
HOA
1%
$43
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378