This property looks like a bad Long-Term investment with a projected -16.93% first-year return on $75,579 initial cash invested.
-16.93%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$1,759
Rent
-$1,066
Cashflow
Cash Flow
$1,759 income − $2,825 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,759
Total Expenses
$2,825
Mortgage P&I
111%
$1,956
Property Taxes
16%
$285
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0