This property looks like a bad Long-Term investment with a projected -11% first-year return on $80,850 initial cash invested.
-11%
Cash On Cash
4.24%
Cap Rate
0.68
DSCR
$2,003
Rent
-$741
Cashflow
Cash Flow
$2,003 income − $2,744 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$385k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,003
Total Expenses
$2,744
Mortgage P&I
100%
$2,000
Property Taxes
4%
$89
Home Insurance
7%
$135
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0