This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $80,745 initial cash invested.
-10.72%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$2,568
Rent
-$721
Cashflow
Cash Flow
$2,568 income − $3,289 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,745
Downpayment
20%
$76,900
Closing costs
1%
$3,845
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,568
Total Expenses
$3,289
Mortgage P&I
82%
$2,098
Property Taxes
15%
$388
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0