This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $80,850 initial cash invested.
-12.59%
Cash On Cash
4.36%
Cap Rate
0.65
DSCR
$2,107
Rent
-$848
Cashflow
Cash Flow
$2,107 income − $2,955 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,107
Total Expenses
$2,955
Mortgage P&I
102%
$2,141
Property Taxes
6%
$132
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0