This property looks like a bad Mid-Term investment with a projected -5.17% first-year return on $93,495 initial cash invested.
-5.17%
Cash On Cash
5.21%
Cap Rate
0.84
DSCR
$2,487
Rent
-$403
Cashflow
Cash Flow
$2,487 income − $2,890 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,495
Downpayment
20%
$71,900
Closing costs
1%
$3,595
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$2,890
Mortgage P&I
75%
$1,865
Property Taxes
2%
$54
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274