This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $75,600 initial cash invested.
-11.79%
Cash On Cash
4.09%
Cap Rate
0.66
DSCR
$2,037
Rent
-$743
Cashflow
Cash Flow
$2,037 income − $2,780 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,037
Total Expenses
$2,780
Mortgage P&I
92%
$1,868
Property Taxes
3%
$56
Home Insurance
6%
$126
HOA
10%
$200
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0