This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $80,808 initial cash invested.
-13.02%
Cash On Cash
4.34%
Cap Rate
0.64
DSCR
$2,129
Rent
-$877
Cashflow
Cash Flow
$2,129 income − $3,006 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,808
Downpayment
20%
$76,960
Closing costs
1%
$3,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,129
Total Expenses
$3,006
Mortgage P&I
102%
$2,162
Property Taxes
7%
$155
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0