This property looks like a bad Mid-Term investment with a projected -8.04% first-year return on $93,579 initial cash invested.
-8.04%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$2,638
Rent
-$627
Cashflow
Cash Flow
$2,638 income − $3,265 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,638
Total Expenses
$3,265
Mortgage P&I
74%
$1,956
Property Taxes
11%
$285
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290