This property looks like a bad Long-Term investment with a projected -15.14% first-year return on $75,600 initial cash invested.
-15.14%
Cash On Cash
3.82%
Cap Rate
0.57
DSCR
$1,691
Rent
-$954
Cashflow
Cash Flow
$1,691 income − $2,645 expenses = $954 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,691
Total Expenses
$2,645
Mortgage P&I
119%
$2,014
Property Taxes
4%
$65
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$101
Maintenance
5%
$85
Other
0%
$0