This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $80,829 initial cash invested.
-10.04%
Cash On Cash
4.65%
Cap Rate
0.73
DSCR
$2,451
Rent
-$676
Cashflow
Cash Flow
$2,451 income − $3,127 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,451
Total Expenses
$3,127
Mortgage P&I
83%
$2,045
Property Taxes
13%
$322
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0