This property looks like a bad Mid-Term investment with a projected -5.06% first-year return on $93,600 initial cash invested.
-5.06%
Cash On Cash
5.68%
Cap Rate
0.86
DSCR
$3,033
Rent
-$395
Cashflow
Cash Flow
$3,033 income − $3,428 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,033
Total Expenses
$3,428
Mortgage P&I
65%
$1,978
Property Taxes
10%
$293
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334