This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $75,642 initial cash invested.
-12.63%
Cash On Cash
4.39%
Cap Rate
0.66
DSCR
$2,114
Rent
-$796
Cashflow
Cash Flow
$2,114 income − $2,910 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,642
Downpayment
20%
$72,040
Closing costs
1%
$3,602
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,114
Total Expenses
$2,910
Mortgage P&I
95%
$2,007
Property Taxes
11%
$226
Home Insurance
6%
$127
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0