This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $93,600 initial cash invested.
-6.79%
Cash On Cash
5.28%
Cap Rate
0.79
DSCR
$2,536
Rent
-$530
Cashflow
Cash Flow
$2,536 income − $3,066 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,536
Total Expenses
$3,066
Mortgage P&I
79%
$2,014
Property Taxes
3%
$65
Home Insurance
5%
$126
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279