This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $75,621 initial cash invested.
-13.36%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$2,144
Rent
-$842
Cashflow
Cash Flow
$2,144 income − $2,986 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,621
Downpayment
20%
$72,020
Closing costs
1%
$3,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,144
Total Expenses
$2,986
Mortgage P&I
92%
$1,963
Property Taxes
16%
$336
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0