This property looks like a bad Long-Term investment with a projected -12.42% first-year return on $81,270 initial cash invested.
-12.42%
Cash On Cash
4.14%
Cap Rate
0.65
DSCR
$2,338
Rent
-$841
Cashflow
Cash Flow
$2,338 income − $3,179 expenses = $841 out of pocket
Investment Breakdown
|
Purchase Price
$387k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,270
Downpayment
20%
$77,400
Closing costs
1%
$3,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,338
Total Expenses
$3,179
Mortgage P&I
88%
$2,059
Property Taxes
16%
$376
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0