This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $75,579 initial cash invested.
-8.42%
Cash On Cash
4.7%
Cap Rate
0.77
DSCR
$2,190
Rent
-$530
Cashflow
Cash Flow
$2,190 income − $2,720 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,190
Total Expenses
$2,720
Mortgage P&I
84%
$1,830
Property Taxes
9%
$194
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0