This property looks like a bad Mid-Term investment with a projected -1.47% first-year return on $93,600 initial cash invested.
-1.47%
Cash On Cash
6.6%
Cap Rate
1.01
DSCR
$3,237
Rent
-$115
Cashflow
Cash Flow
$3,237 income − $3,352 expenses = $115 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
$3,237
Total Expenses
$3,352
Mortgage P&I
61%
$1,965
Property Taxes
5%
$162
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356