This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $75,600 initial cash invested.
-12.65%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$1,986
Rent
-$797
Cashflow
Cash Flow
$1,986 income − $2,783 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,986
Total Expenses
$2,783
Mortgage P&I
99%
$1,961
Property Taxes
9%
$184
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0