This property looks like a bad Long-Term investment with a projected -14.84% first-year return on $75,600 initial cash invested.
-14.84%
Cash On Cash
3.43%
Cap Rate
0.55
DSCR
$1,623
Rent
-$935
Cashflow
Cash Flow
$1,623 income − $2,558 expenses = $935 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
$1,623
Total Expenses
$2,558
Mortgage P&I
116%
$1,883
Property Taxes
8%
$128
Home Insurance
8%
$126
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0