This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $93,600 initial cash invested.
-3.59%
Cash On Cash
5.77%
Cap Rate
0.92
DSCR
$3,249
Rent
-$280
Cashflow
Cash Flow
$3,249 income − $3,529 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,249
Total Expenses
$3,529
Mortgage P&I
58%
$1,880
Property Taxes
13%
$419
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357