This property looks like a bad Long-Term investment with a projected -12.88% first-year return on $75,579 initial cash invested.
-12.88%
Cash On Cash
4.08%
Cap Rate
0.64
DSCR
$2,299
Rent
-$811
Cashflow
Cash Flow
$2,299 income − $3,110 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,299
Total Expenses
$3,110
Mortgage P&I
83%
$1,919
Property Taxes
20%
$450
Home Insurance
5%
$126
HOA
1%
$17
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0