This property looks like a bad Long-Term investment with a projected -16.77% first-year return on $80,850 initial cash invested.
-16.77%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,704
Rent
-$1,130
Cashflow
Cash Flow
$2,704 income − $3,834 expenses = $1,130 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,704
Total Expenses
$3,834
Mortgage P&I
78%
$2,115
Property Taxes
18%
$494
Home Insurance
5%
$135
HOA
14%
$388
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0