This property looks like a bad Long-Term investment with a projected -16.22% first-year return on $75,684 initial cash invested.
-16.22%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$2,163
Rent
-$1,023
Cashflow
Cash Flow
$2,163 income − $3,186 expenses = $1,023 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,684
Downpayment
20%
$72,080
Closing costs
1%
$3,604
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,163
Total Expenses
$3,186
Mortgage P&I
90%
$1,940
Property Taxes
26%
$558
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0