This property looks like a bad Long-Term investment with a projected -12.52% first-year return on $81,480 initial cash invested.
-12.52%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$1,976
Rent
-$850
Cashflow
Cash Flow
$1,976 income − $2,826 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,480
Downpayment
20%
$77,600
Closing costs
1%
$3,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,976
Total Expenses
$2,826
Mortgage P&I
101%
$1,991
Property Taxes
9%
$184
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0