This property looks like a bad Long-Term investment with a projected -12.34% first-year return on $80,829 initial cash invested.
-12.34%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$2,273
Rent
-$831
Cashflow
Cash Flow
$2,273 income − $3,104 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,829
Downpayment
20%
$76,980
Closing costs
1%
$3,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,273
Total Expenses
$3,104
Mortgage P&I
93%
$2,111
Property Taxes
12%
$267
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0