This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $75,579 initial cash invested.
-15.15%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$1,974
Rent
-$954
Cashflow
Cash Flow
$1,974 income − $2,928 expenses = $954 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,974
Total Expenses
$2,928
Mortgage P&I
92%
$1,823
Property Taxes
24%
$466
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0