This property looks like a bad Long-Term investment with a projected -4.41% first-year return on $75,600 initial cash invested.
-4.41%
Cash On Cash
5.59%
Cap Rate
0.92
DSCR
$2,595
Rent
-$278
Cashflow
Cash Flow
$2,595 income − $2,873 expenses = $278 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,595
Total Expenses
$2,873
Mortgage P&I
70%
$1,825
Property Taxes
9%
$242
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0