This property looks like a bad Long-Term investment with a projected -13.05% first-year return on $75,600 initial cash invested.
-13.05%
Cash On Cash
3.89%
Cap Rate
0.62
DSCR
$2,166
Rent
-$822
Cashflow
Cash Flow
$2,166 income − $2,988 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,166
Total Expenses
$2,988
Mortgage P&I
87%
$1,880
Property Taxes
19%
$419
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0