This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $93,600 initial cash invested.
-5.56%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$2,862
Rent
-$434
Cashflow
Cash Flow
$2,862 income − $3,296 expenses = $434 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
$2,862
Total Expenses
$3,296
Mortgage P&I
69%
$1,973
Property Taxes
8%
$225
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315