This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $75,684 initial cash invested.
-13.1%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$2,201
Rent
-$826
Cashflow
Cash Flow
$2,201 income − $3,027 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,684
Downpayment
20%
$72,080
Closing costs
1%
$3,604
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,201
Total Expenses
$3,027
Mortgage P&I
90%
$1,985
Property Taxes
15%
$330
Home Insurance
6%
$128
HOA
1%
$12
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0