This property looks like a bad Long-Term investment with a projected -13.28% first-year return on $81,417 initial cash invested.
-13.28%
Cash On Cash
3.65%
Cap Rate
0.6
DSCR
$2,065
Rent
-$901
Cashflow
Cash Flow
$2,065 income − $2,966 expenses = $901 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,417
Downpayment
20%
$77,540
Closing costs
1%
$3,877
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$2,966
Mortgage P&I
96%
$1,977
Property Taxes
15%
$317
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0