This property looks like a bad Long-Term investment with a projected -17.93% first-year return on $75,579 initial cash invested.
-17.93%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$1,370
Rent
-$1,129
Cashflow
Cash Flow
$1,370 income − $2,499 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,579
Downpayment
20%
$71,980
Closing costs
1%
$3,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,370
Total Expenses
$2,499
Mortgage P&I
134%
$1,834
Property Taxes
13%
$184
Home Insurance
9%
$126
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0