This property looks like a bad Long-Term investment with a projected -13.86% first-year return on $75,579 initial cash invested.
-13.86%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$1,920
Rent
-$873
Cashflow
Cash Flow
$1,920 income − $2,793 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,579
Downpayment
20%
$71,980
Closing costs
1%
$3,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,920
Total Expenses
$2,793
Mortgage P&I
104%
$1,989
Property Taxes
9%
$179
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0