This property looks like a bad Long-Term investment with a projected -9.65% first-year return on $75,579 initial cash invested.
-9.65%
Cash On Cash
4.65%
Cap Rate
0.74
DSCR
$2,443
Rent
-$608
Cashflow
Cash Flow
$2,443 income − $3,051 expenses = $608 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,443
Total Expenses
$3,051
Mortgage P&I
77%
$1,880
Property Taxes
17%
$410
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0