This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $93,579 initial cash invested.
-5.31%
Cash On Cash
5.19%
Cap Rate
0.84
DSCR
$2,799
Rent
-$414
Cashflow
Cash Flow
$2,799 income − $3,213 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,799
Total Expenses
$3,213
Mortgage P&I
66%
$1,859
Property Taxes
10%
$276
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308