This property looks like a bad Long-Term investment with a projected -14.46% first-year return on $75,600 initial cash invested.
-14.46%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$1,908
Rent
-$911
Cashflow
Cash Flow
$1,908 income − $2,819 expenses = $911 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
$1,908
Total Expenses
$2,819
Mortgage P&I
103%
$1,973
Property Taxes
12%
$225
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0