This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $75,579 initial cash invested.
-13.64%
Cash On Cash
4.2%
Cap Rate
0.62
DSCR
$1,987
Rent
-$859
Cashflow
Cash Flow
$1,987 income − $2,846 expenses = $859 out of pocket
Investment Breakdown
|
Purchase Price
$360k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,579
Downpayment
20%
$71,980
Closing costs
1%
$3,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,987
Total Expenses
$2,846
Mortgage P&I
102%
$2,021
Property Taxes
9%
$183
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0