This property looks like a bad Long-Term investment with a projected -14.72% first-year return on $81,060 initial cash invested.
-14.72%
Cash On Cash
3.86%
Cap Rate
0.58
DSCR
$2,134
Rent
-$994
Cashflow
Cash Flow
$2,134 income − $3,128 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,060
Downpayment
20%
$77,200
Closing costs
1%
$3,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,134
Total Expenses
$3,128
Mortgage P&I
100%
$2,129
Property Taxes
14%
$309
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0