This property looks like a bad Long-Term investment with a projected -7.92% first-year return on $75,600 initial cash invested.
-7.92%
Cash On Cash
4.86%
Cap Rate
0.8
DSCR
$2,568
Rent
-$499
Cashflow
Cash Flow
$2,568 income − $3,067 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,568
Total Expenses
$3,067
Mortgage P&I
71%
$1,830
Property Taxes
17%
$444
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0