This property looks like a bad Long-Term investment with a projected -4.83% first-year return on $75,558 initial cash invested.
-4.83%
Cash On Cash
5.4%
Cap Rate
0.9
DSCR
$2,684
Rent
-$304
Cashflow
Cash Flow
$2,684 income − $2,988 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,558
Downpayment
20%
$71,960
Closing costs
1%
$3,598
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,684
Total Expenses
$2,988
Mortgage P&I
67%
$1,788
Property Taxes
14%
$375
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0