This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $75,600 initial cash invested.
-13.89%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$2,669
Rent
-$875
Cashflow
Cash Flow
$2,669 income − $3,544 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,669
Total Expenses
$3,544
Mortgage P&I
73%
$1,958
Property Taxes
28%
$736
Home Insurance
5%
$126
HOA
1%
$31
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0