This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $75,600 initial cash invested.
-12.63%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$2,016
Rent
-$796
Cashflow
Cash Flow
$2,016 income − $2,812 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,016
Total Expenses
$2,812
Mortgage P&I
92%
$1,846
Property Taxes
16%
$315
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0