This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $75,579 initial cash invested.
-14.65%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$1,807
Rent
-$923
Cashflow
Cash Flow
$1,807 income − $2,730 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,807
Total Expenses
$2,730
Mortgage P&I
111%
$2,013
Property Taxes
7%
$122
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0