This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $75,600 initial cash invested.
-12.46%
Cash On Cash
4.21%
Cap Rate
0.66
DSCR
$2,753
Rent
-$785
Cashflow
Cash Flow
$2,753 income − $3,538 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,600
Downpayment
20%
$72,000
Closing costs
1%
$3,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,753
Total Expenses
$3,538
Mortgage P&I
69%
$1,911
Property Taxes
28%
$771
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0