This property looks like a bad Long-Term investment with a projected -21.18% first-year return on $80,850 initial cash invested.
-21.18%
Cash On Cash
1.96%
Cap Rate
0.32
DSCR
$1,866
Rent
-$1,427
Cashflow
Cash Flow
$1,866 income − $3,293 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,850
Downpayment
20%
$77,000
Closing costs
1%
$3,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,866
Total Expenses
$3,293
Mortgage P&I
105%
$1,963
Property Taxes
5%
$89
Home Insurance
7%
$135
HOA
33%
$621
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0