This property looks like a bad Long-Term investment with a projected -19.19% first-year return on $75,600 initial cash invested.
-19.19%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$1,519
Rent
-$1,209
Cashflow
Cash Flow
$1,519 income − $2,728 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,519
Total Expenses
$2,728
Mortgage P&I
122%
$1,848
Property Taxes
24%
$359
Home Insurance
8%
$126
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0