This property looks like a bad Mid-Term investment with a projected -10.63% first-year return on $93,600 initial cash invested.
-10.63%
Cash On Cash
3.7%
Cap Rate
0.6
DSCR
$2,278
Rent
-$829
Cashflow
Cash Flow
$2,278 income − $3,107 expenses = $829 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,278
Total Expenses
$3,107
Mortgage P&I
81%
$1,848
Property Taxes
16%
$359
Home Insurance
6%
$126
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251