This property looks like a bad Long-Term investment with a projected -13.98% first-year return on $75,600 initial cash invested.
-13.98%
Cash On Cash
4.35%
Cap Rate
0.63
DSCR
$2,225
Rent
-$881
Cashflow
Cash Flow
$2,225 income − $3,106 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.8%
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
$2,225
Total Expenses
$3,106
Mortgage P&I
93%
$2,074
Property Taxes
15%
$328
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0