This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $75,600 initial cash invested.
-17.38%
Cash On Cash
3.33%
Cap Rate
0.5
DSCR
$2,290
Rent
-$1,095
Cashflow
Cash Flow
$2,290 income − $3,385 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,290
Total Expenses
$3,385
Mortgage P&I
87%
$1,981
Property Taxes
28%
$641
Home Insurance
6%
$126
HOA
2%
$43
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0