This property looks like a bad Long-Term investment with a projected -13% first-year return on $75,495 initial cash invested.
-13%
Cash On Cash
3.77%
Cap Rate
0.61
DSCR
$1,658
Rent
-$818
Cashflow
Cash Flow
$1,658 income − $2,476 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,495
Downpayment
20%
$71,900
Closing costs
1%
$3,595
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,658
Total Expenses
$2,476
Mortgage P&I
112%
$1,865
Property Taxes
3%
$54
Home Insurance
8%
$126
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0