This property looks like a bad Long-Term investment with a projected -17.11% first-year return on $75,598 initial cash invested.
-17.11%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$1,892
Rent
-$1,078
Cashflow
Cash Flow
$1,892 income − $2,970 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,598
Downpayment
20%
$71,998
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,892
Total Expenses
$2,970
Mortgage P&I
105%
$1,992
Property Taxes
19%
$359
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0