This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $75,600 initial cash invested.
-17.95%
Cash On Cash
2.74%
Cap Rate
0.44
DSCR
$1,644
Rent
-$1,131
Cashflow
Cash Flow
$1,644 income − $2,775 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,644
Total Expenses
$2,775
Mortgage P&I
114%
$1,870
Property Taxes
21%
$352
Home Insurance
8%
$126
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0