This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $80,850 initial cash invested.
-9.5%
Cash On Cash
4.91%
Cap Rate
0.76
DSCR
$2,593
Rent
-$640
Cashflow
Cash Flow
$2,593 income − $3,233 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,593
Total Expenses
$3,233
Mortgage P&I
80%
$2,085
Property Taxes
13%
$338
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0