This property looks like a bad Long-Term investment with a projected -11.06% first-year return on $75,642 initial cash invested.
-11.06%
Cash On Cash
4.41%
Cap Rate
0.69
DSCR
$2,081
Rent
-$697
Cashflow
Cash Flow
$2,081 income − $2,778 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,642
Downpayment
20%
$72,040
Closing costs
1%
$3,602
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,081
Total Expenses
$2,778
Mortgage P&I
92%
$1,916
Property Taxes
8%
$172
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0