This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $75,663 initial cash invested.
-11.21%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$2,183
Rent
-$707
Cashflow
Cash Flow
$2,183 income − $2,890 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,663
Downpayment
20%
$72,060
Closing costs
1%
$3,603
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,183
Total Expenses
$2,890
Mortgage P&I
90%
$1,973
Property Taxes
10%
$221
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0