This property looks like a bad Long-Term investment with a projected -18.99% first-year return on $75,590 initial cash invested.
-18.99%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$1,964
Rent
-$1,196
Cashflow
Cash Flow
$1,964 income − $3,160 expenses = $1,196 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,590
Downpayment
20%
$71,990
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,964
Total Expenses
$3,160
Mortgage P&I
100%
$1,960
Property Taxes
29%
$564
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0