This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $75,558 initial cash invested.
-10.12%
Cash On Cash
4.67%
Cap Rate
0.73
DSCR
$2,162
Rent
-$637
Cashflow
Cash Flow
$2,162 income − $2,799 expenses = $637 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,558
Downpayment
20%
$71,960
Closing costs
1%
$3,598
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$2,799
Mortgage P&I
89%
$1,928
Property Taxes
8%
$183
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0