This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $75,663 initial cash invested.
-12.45%
Cash On Cash
4.15%
Cap Rate
0.65
DSCR
$2,093
Rent
-$785
Cashflow
Cash Flow
$2,093 income − $2,878 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,663
Downpayment
20%
$72,060
Closing costs
1%
$3,603
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,093
Total Expenses
$2,878
Mortgage P&I
92%
$1,927
Property Taxes
12%
$253
Home Insurance
6%
$128
HOA
1%
$25
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0