This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $75,579 initial cash invested.
-13.78%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$1,789
Rent
-$868
Cashflow
Cash Flow
$1,789 income − $2,657 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,789
Total Expenses
$2,657
Mortgage P&I
102%
$1,818
Property Taxes
14%
$249
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0