This property looks like a bad Long-Term investment with a projected -11.19% first-year return on $75,600 initial cash invested.
-11.19%
Cash On Cash
4.04%
Cap Rate
0.67
DSCR
$1,933
Rent
-$705
Cashflow
Cash Flow
$1,933 income − $2,638 expenses = $705 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,933
Total Expenses
$2,638
Mortgage P&I
94%
$1,820
Property Taxes
10%
$184
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0