This property looks like a bad Mid-Term investment with a projected -6.81% first-year return on $93,579 initial cash invested.
-6.81%
Cash On Cash
5.27%
Cap Rate
0.79
DSCR
$2,952
Rent
-$531
Cashflow
Cash Flow
$2,952 income − $3,483 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,952
Total Expenses
$3,483
Mortgage P&I
68%
$1,994
Property Taxes
11%
$317
Home Insurance
4%
$126
HOA
1%
$42
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325