This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $75,579 initial cash invested.
-16.23%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$1,968
Rent
-$1,022
Cashflow
Cash Flow
$1,968 income − $2,990 expenses = $1,022 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
$1,968
Total Expenses
$2,990
Mortgage P&I
101%
$1,994
Property Taxes
16%
$317
Home Insurance
6%
$126
HOA
2%
$42
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0