This property looks like a bad Long-Term investment with a projected -6.86% first-year return on $75,600 initial cash invested.
-6.86%
Cash On Cash
5.15%
Cap Rate
0.84
DSCR
$2,617
Rent
-$432
Cashflow
Cash Flow
$2,617 income − $3,049 expenses = $432 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,617
Total Expenses
$3,049
Mortgage P&I
71%
$1,846
Property Taxes
15%
$396
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0