This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $81,333 initial cash invested.
-13.13%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$1,945
Rent
-$890
Cashflow
Cash Flow
$1,945 income − $2,835 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,333
Downpayment
20%
$77,460
Closing costs
1%
$3,873
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,945
Total Expenses
$2,835
Mortgage P&I
110%
$2,134
Property Taxes
3%
$56
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0