This property looks like a bad Mid-Term investment with a projected -2.46% first-year return on $93,600 initial cash invested.
-2.46%
Cash On Cash
6.23%
Cap Rate
0.97
DSCR
$3,370
Rent
-$192
Cashflow
Cash Flow
$3,370 income − $3,562 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,370
Total Expenses
$3,562
Mortgage P&I
57%
$1,927
Property Taxes
11%
$363
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371