This property looks like a bad Long-Term investment with a projected -16.82% first-year return on $80,850 initial cash invested.
-16.82%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$2,029
Rent
-$1,133
Cashflow
Cash Flow
$2,029 income − $3,162 expenses = $1,133 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
$2,029
Total Expenses
$3,162
Mortgage P&I
104%
$2,111
Property Taxes
19%
$389
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0