This property looks like a bad Long-Term investment with a projected -10.41% first-year return on $75,600 initial cash invested.
-10.41%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$2,158
Rent
-$656
Cashflow
Cash Flow
$2,158 income − $2,814 expenses = $656 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
$2,158
Total Expenses
$2,814
Mortgage P&I
91%
$1,965
Property Taxes
8%
$162
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0