This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $75,579 initial cash invested.
-13.97%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$1,866
Rent
-$880
Cashflow
Cash Flow
$1,866 income − $2,746 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,866
Total Expenses
$2,746
Mortgage P&I
100%
$1,859
Property Taxes
15%
$276
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0