This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $75,579 initial cash invested.
-14.18%
Cash On Cash
3.98%
Cap Rate
0.6
DSCR
$1,942
Rent
-$893
Cashflow
Cash Flow
$1,942 income − $2,835 expenses = $893 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,942
Total Expenses
$2,835
Mortgage P&I
102%
$1,989
Property Taxes
11%
$215
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0