This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $93,600 initial cash invested.
-2.65%
Cash On Cash
6.37%
Cap Rate
0.98
DSCR
$4,004
Rent
-$207
Cashflow
Cash Flow
$4,004 income − $4,211 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,004
Total Expenses
$4,211
Mortgage P&I
49%
$1,958
Property Taxes
18%
$736
Home Insurance
3%
$126
HOA
1%
$31
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440