This property looks like a bad Long-Term investment with a projected -8.6% first-year return on $80,955 initial cash invested.
-8.6%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$2,961
Rent
-$580
Cashflow
Cash Flow
$2,961 income − $3,541 expenses = $580 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,955
Downpayment
20%
$77,100
Closing costs
1%
$3,855
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,961
Total Expenses
$3,541
Mortgage P&I
70%
$2,069
Property Taxes
19%
$562
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0