This property looks like a bad Long-Term investment with a projected -12.96% first-year return on $81,081 initial cash invested.
-12.96%
Cash On Cash
4.29%
Cap Rate
0.64
DSCR
$2,284
Rent
-$876
Cashflow
Cash Flow
$2,284 income − $3,160 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,081
Downpayment
20%
$77,220
Closing costs
1%
$3,861
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,284
Total Expenses
$3,160
Mortgage P&I
94%
$2,142
Property Taxes
13%
$289
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0