This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $75,600 initial cash invested.
-14.29%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$2,022
Rent
-$900
Cashflow
Cash Flow
$2,022 income − $2,922 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,022
Total Expenses
$2,922
Mortgage P&I
98%
$1,978
Property Taxes
14%
$293
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0