This property looks like a bad Long-Term investment with a projected -7.41% first-year return on $75,663 initial cash invested.
-7.41%
Cash On Cash
5.5%
Cap Rate
0.83
DSCR
$2,632
Rent
-$467
Cashflow
Cash Flow
$2,632 income − $3,099 expenses = $467 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
$2,632
Total Expenses
$3,099
Mortgage P&I
75%
$1,986
Property Taxes
11%
$300
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0