This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $81,417 initial cash invested.
-11.11%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$2,496
Rent
-$754
Cashflow
Cash Flow
$2,496 income − $3,250 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,496
Total Expenses
$3,250
Mortgage P&I
84%
$2,090
Property Taxes
15%
$375
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0