This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $75,600 initial cash invested.
-12.59%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$1,815
Rent
-$793
Cashflow
Cash Flow
$1,815 income − $2,608 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,815
Total Expenses
$2,608
Mortgage P&I
106%
$1,928
Property Taxes
4%
$81
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0