This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $81,018 initial cash invested.
-14.8%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,285
Rent
-$999
Cashflow
Cash Flow
$2,285 income − $3,284 expenses = $999 out of pocket
Investment Breakdown
|
Purchase Price
$386k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,018
Downpayment
20%
$77,160
Closing costs
1%
$3,858
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,285
Total Expenses
$3,284
Mortgage P&I
92%
$2,109
Property Taxes
20%
$446
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0